Pound Sterling Price News and Forecast: Advances past 1.3450 on soft USD despite Mid-East tensions
|GBP/USD advances past 1.3450 on soft USD despite Mid-East tensions
The Pound Sterling (GBP) posts modest gains on Tuesday during the North American session as the Greenback remains weaker even though tensions in the Middle East remain high, despite US President Trump's comments that the end of the war is near. At the time of writing, GBP/USD trades at 1.3467 after hitting a daily high of 1.3483. Read More...
GBP/USD Price Forecast: Eyes 50-day EMA barrier near 1.3500 despite ongoing bearish bias
GBP/USD extends its gains for the third successive session, trading around 1.3480 during the early European hours on Tuesday. The pair holds a mildly bearish short-term bias as price sits just below the 50-day Exponential Moving Average (EMA) while remaining above the faster nine-day moving average, which has turned lower and tracks the recent series of lower highs. Read More...
GBP/USD climbs back above 1.3400 amid a shaky consolidation trap
GBP/USD rose about 0.3% on Monday, falling just short of reclaiming 1.3450 after rebounding from a dip to around 1.3280 in the early session. Monday marks the sixth consecutive session in which the pair has treaded across the 200-day Exponential Moving Average (EMA), with price oscillating in the chart neighborhood near 1.3400 as consolidation sets in. Despite a looming consolidation phase, a bullish close above 1.3400 has tilted the near-term picture in favour of buyers heading into Tuesday. Read More...
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