The GBP/USD pair is trading in the red at 1.2652 at the time of writing and it seems very heavy as the DXY could come back higher. After the last drop, a rebound was natural. Later, the US Unemployment Claims, Core PCE Price Index, Chicago PMI, Pending Home Sales, Personal Income, and Personal Spending should really shake the price. Positive US data should push the currency pair towards new lows.

 

Technically, the rate came back to retest the broken uptrend line, developing a minor flag pattern, which signaled a new sell-off. The false breakouts through 1.26736 followed by a valid breakdown below 1.2650 activates more declines.

Chart 


Join Learn 2 Trade VIP Group now!

Information on the Learn2.trade website and inside our Telegram Group is intended for educational purposes and is not to be construed as investment advice. Trading the financial markets carries a high level of risk and may not be suitable for all investors. Before trading, you should carefully consider your investment objectives, experience, and risk appetite. Only trade with money you are prepared to lose. Like any investment, there is a possibility that you could sustain losses of some or all of your investment whilst trading. You should seek independent advice before trading if you have any doubts. Past performance in the markets is not a reliable indicator of future performance. Learn2.trade takes no responsibility for loss incurred as a result of the content provided inside our Telegram Groups. By signing up as a member you acknowledge that we are not providing financial advice and that you are making the decision on the trades you place in the markets. We have no knowledge of the level of money you are trading with or the level of risk you are taking with each trade.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD struggles to make it through 0.6300 amid mixed cues

AUD/USD struggles to make it through 0.6300 amid mixed cues

AUD/USD remains confined in a familiar range below the 0.6300 mark and close to over a two-week high touched ahead of the US CPI on Wednesday. A positive risk tone supports the Aussie amid subdued USD demand, despite diminishing odds for further easing by the Fed. 

AUD/USD News
EUR/USD regains some ground, but remains hobbled by key technicals

EUR/USD regains some ground, but remains hobbled by key technicals

EUR/USD churned on Wednesday, testing the low end through most of the intraday session before breaking higher after investors tried to shake up an unexpected upswing in US Consumer Price Index inflation. 

EUR/USD News
Gold picks up pace above $2,900, Dollar weakens further

Gold picks up pace above $2,900, Dollar weakens further

Extra selling bias in the Greenback now prompts Gold prices to regain the $2,900 mark per ounce troy and above despite the steady climb in US yields across the board.

Gold News
Bitcoin and crypto recovers from CPI data as Trump pushes Russia–Ukraine diplomacy

Bitcoin and crypto recovers from CPI data as Trump pushes Russia–Ukraine diplomacy

Bitcoin and the crypto market saw slight gains on Wednesday after President Donald Trump's resolution calls with Russian President Vladimir Putin and Ukraine's President Volodymyr Zelenskyy. 

Read more
How the European Union could counter US tariffs

How the European Union could counter US tariffs

With Trump ordering a 25% import tax on all steel and aluminium entering the US, trade tensions are inching closer to Europe. We take a closer look at how European policymakers could react. Spoiler alert: it's complicated.

Read more
The Best Brokers of the Year

The Best Brokers of the Year

SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.

Read More

Majors

Cryptocurrencies

Signatures

Best Brokers of 2025