GBP/USD Forecast

The British pound failed to hold 1.35, with risks of a drop to 1.34–1.33. Fed rate cuts fuel debate, but dollar demand remains strong in risk-off moves.

The British Pound has initially tried to rally during the trading session here on Wednesday to break above the 50-day EMA, but it looks like we are giving back quite a bit of those gains. It's interesting as we have seen a lot of noisy behavior and I think the fact that we have given back so many gains tells me that the British pound just isn't ready to take off against the dollar yet. With the Federal Reserve interest rate cuts, since then we've seen the US dollar strengthen. Goes against everything you hear, I understand. But when you look at history, quite often, once the Fed starts cutting, especially if they do several different times over the course of a handful of months, that's pro-dollar. And that's because people run to treasuries. They need safety.

The British pound rallied a bit in the early hours of Tuesday, as we continue to see a bit of a bounce at this point. The pair is trying to continue to bounce, but we have a few things above that could cause a bit of an issue. The market has been consolidating for some time, but the market is essentially trying to sort out whether or not it can make a bigger move. With the Non-Farm Payroll numbers coming out on Friday, the market could be a bit quiet between now and then.

GBP/USD is consolidating after its recovery, facing resistance from last week’s highs while volatility builds between the 50-day and 200-day EMA.

GBP/USD sinks below 1.34 as strong US GDP and labor data fuel dollar strength, with traders eyeing 1.32 support or a rebound toward 1.36.

The British pound tumbled below the 50-day EMA on Wednesday, with GBP/USD targeting 1.34 support as a stronger dollar and weak global sentiment drive selling pressure.

The British pound initially pulled back just a touch during the early hours on Tuesday but has seen enough support to turn things around and show signs of strength. Furthermore, it’s probably worth noting that the 50 Day EMA sits right there as well at the bottom of the candlestick, and therefore a lot of people will be looking at this as a potential technical bounce. Ultimately, the market could go looking to the 1.36 level above, which is a large, round, psychologically significant figure. It is also an area where we had seen a lot of trouble previously, and therefore if we were to break above it, it would obviously signify something serious.

The British pound has rallied slightly during the trading session here on Monday, but you can see that we're just hanging around the 50 day EMA. And it looks a lot like a market that is just simply going sideways after a significant drop over the course of three days. But uh this is still a market that is technically I guess up in an uptrend or maybe sideways. The 1.34 level should offer support as long as that holds.

GBP/USD stays bullish above 1.36 ahead of the FOMC, with traders watching 1.37–1.38 resistance as Fed risks could trigger sharp volatility.

The GBP/USD is bullish toward 1.38, but Fed and BoE decisions could spark sharp volatility and trend shifts.

The British pound edges toward a breakout above 1.36, with bullish potential toward 1.38 but volatility expected around this week’s Fed and BoE decisions.

The British pound continues to challenge 1.36 resistance, with bullish momentum supported by rising EMAs and downside risk limited by 1.34 support.

The British pound faces heavy resistance at 1.36, with traders weighing U.S. recession risks against a potential breakout toward 1.38.

GBP/USD gained on Monday but remains trapped in a sideways 200-pip range as traders eye the 1.36 resistance and Fed policy signals.

GBP/USD remains rangebound between 1.34 support and 1.36 resistance as traders await Friday’s NFP data for the next decisive move.