Pound Sterling Price News and Forecast: GBP/USD 20-day EMA continues to cap upside [Video]

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GBP/USD Price Forecast: 20-day EMA continues to cap upside

The GBP/USD pair trades 0.16% lower to near 1.3446 during the European trading session on Wednesday. The pair faces selling pressure as the US Dollar (USD) strengthens due to increased uncertainty over the United States (US)-Iran deal.

During press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.12% higher to near 99.35. The US-Iran uncertainty has escalated, following the exchange of attacks on Tuesday. The US Central Command (CENTCOM) said that it had intercepted and defeated a series of Iranian missile and drone attacks targeting regional neighbors, including Kuwait and Bahrain, while also carrying out self-defence strikes on Iran’s Qeshm Island. Read more...

Elliott Wave analysis: GBP/USD five swing advance from May 18 signals upside [Video]

The short‑term Elliott Wave outlook for GBPUSD indicates that the rally from the March 31, 2026 low is progressing as a five‑wave impulse. From that date, wave 1 concluded at 1.3658, followed by a corrective pullback in wave 2 that ended at 1.33. The pair then advanced in wave 3, establishing a clear impulsive structure. Within wave 1, wave (i) terminated at 1.345, while the subsequent pullback in wave (ii) ended at 1.337. The advance continued with wave (iii) reaching 1.346, before wave (iv) corrected to 1.342. The final leg, wave (v), pushed higher to 1.35, completing wave ((i)). Read more...

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