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 appears supported by the 200-day SMA, for now

Following an early pullback to multi-week lows near 1.1670, EUR/USD now manages to reclaim the 1.1700 region as the NA session draws to a close on Monday. The steep retracement in spot follows the equally strong move higher in the US Dollar, as investors continue to assess the geopolitical landscape in the wake of the US and Israel attacks on Iran.

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 clings to gains as US-Iran conflict continues to underpin safe-haven assets

Gold retains positive bias for the fifth consecutive day on Tuesday as rising geopolitical tensions in the Middle East continue to underpin safe-haven assets. However, a bullish US Dollar could keep the bullion below its highest level since late January, set on Monday, warranting caution before positioning for any further appreciation.