Pound Sterling Price News and Forecast: GBP/USD remains on the front foot
|GBP/USD Price Analysis: Bulls keep reins above 1.1600 ahead of UK data dump
GBP/USD remains on the front foot as it keeps Friday’s upside break of the bearish channel and the 10-DMA hurdle during Monday’s Asian session. That said, the Cable pair grinds higher around 1.1620 at the latest. Not only the upside break of the 10-DMA and rejection of the bearish chart pattern but the recently firmer RSI (14) and the strongest bullish MACD signal in a month also favor the GBP/USD buyers.
GBP/USD Weekly Forecast: Eyes 21 DMA on a technical rebound ahead of critical US, UK events
GBP/USD put an end to its three-week losing streak and staged a strong comeback from roughly four-decade lows of 1.1405. The US dollar correction and economic stimulus measures unveiled by the new UK PM Liz Truss saved the day for cable bulls. Will the rebound extend into a big week ahead?
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