Pound Sterling Price News and Forecast: GBP could extend rebound once 1.3130 is confirmed [Video]

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GBP/USD Forecast: Pound Sterling could extend rebound once 1.3130 is confirmed as support

After touching its lowest level since August 20 near 1.3000 on Wednesday, GBP/USD staged a decisive rebound on Thursday. The pair clings to modest daily gains and holds comfortably above 1.3100 in the European session on Friday.

The broad-based selling pressure surrounding the US Dollar (USD) and the improving risk mood helped GBP/USD gather bullish momentum in the second half of the day on Thursday. Read more...

GBP/USD forex trade review on market structure shift [Video]

In this forex trading video we cover the entry, exit reasons and management for our forex trade today on the GBP/USD & how you can trade the forex structure on Daily , 4 , 1 Hourly, 15 minute charts and how you can target the next support/resistance. In the last few videos we covered the steps to find and trade structure. In this video you will learn how we traded the GBP/USD structure today using the trading charts and price action. Read more...

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FXStreet Team

FXStreet

EUR/USD keeps the offered stance just above 1.1700

EUR/USD is coming under heavy selling pressure in what has been a rather grim start to the new trading week, with the pair now trading close to the 1.1700 support area as the US Dollar stages a solid rebound. The prevailing flight to safety mood continues to favour the Greenback, as investors react to the escalating conflict in the Middle East and trim risk exposure across the board.

GBP/USD hits new yearly lows near 1.3300

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

Gold trims losses, back below $5,400

Gold now surrenders part of the earlier advance past the $5,400 mark per troy ounce at the beginning of the week. Indeed, the precious metal’s strong uptick remains fuelled by increasing geopolitical tensions in the Middle East amid the intense demand for safer assets.