Pound Sterling Price News and Forecast: GBP/USD altitude sickness at 1.40? [Video]

FXStreet Team FXStreet

GBP/USD battles with 1.40, bullish bias is expected [Video]

GBPUSD is battling with the strong 1.4000 psychological level, following the rebound off the long-term ascending trend line and the 1.3670 support. Moreover, cable jumped above the 20- and 40-day simple moving averages (SMAs) and the Ichimoku cloud. Looking at the technical indicators, the RSI is approaching the 70 level with weaker momentum than the previous session, while the stochastic is turning marginally lower in the overbought region. Read more...

GBP/USD Forecast: Altitude sickness at 1.40? The oversold dollar may outweigh sterling strength

No fewer than 340 pips in just over one week – has GBP/USD gone too high, too fast? That is what the charts are pointing to, but relentless dollar weakness may result in further gains for cable.

The greenback is on the back foot as US Treasury yields remain on relatively low ground and despite the recent uptick. Returns on benchmark ten-year bonds are around 1.60%, maintaining a safe distance from the cycle high of 1.77% but above the recent lows of 1.55%. Read more...

GBP/USD eases from multi-week tops, flat-lined below 1.4000 mark

The GBP/USD pair retreated around 25 pips from daily swing highs and was last seen hovering in the neutral territory, around the 1.3985-90 region.

The pair added to the previous day's massive rally of over 180 pips and edged higher during the first half of the trading action on Tuesday. The uptick pushed the pair to the highest level since early March and was supported by the prevalent bearish sentiment surrounding the US dollar. Bulls, however, struggled to capitalize on the move or find acceptance above the key 1.4000 psychological marks. Read more...

GBP/USD

Overview
Today last price	1.3982
Today Daily Change	-0.0004
Today Daily Change %	-0.03
Today daily open	1.3986

Trends
Daily SMA20	1.3784
Daily SMA50	1.3869
Daily SMA100	1.3714
Daily SMA200	1.3371

Levels
Previous Daily High	1.3993
Previous Daily Low	1.381
Previous Weekly High	1.3844
Previous Weekly Low	1.3669
Previous Monthly High	1.4017
Previous Monthly Low	1.3671
Daily Fibonacci 38.2%	1.3923
Daily Fibonacci 61.8%	1.388
Daily Pivot Point S1	1.3866
Daily Pivot Point S2	1.3747
Daily Pivot Point S3	1.3684
Daily Pivot Point R1	1.4049
Daily Pivot Point R2	1.4112
Daily Pivot Point R3	1.4232

Author

FXStreet Team

FXStreet

EUR/USD edges lower below 1.1650 as Middle East tensions fuel US Dollar strength

The EUR/USD pair trades in negative territory around 1.1635 during the early Asian session on Thursday. The US Dollar strengthens against the Euro as escalating Middle East conflict boosts safe-haven flows. Traders brace for the Eurozone Retail Sales and US weekly Initial Jobless Claims reports, which will be released later on Thursday.

GBP/USD tests key moving averages as growth downgrade weighs

GBP/USD was nearly flat on Wednesday, edging up 0.08% to settle around 1.3370 in a quiet session. The pair has fallen sharply from its late-January high near 1.3870 and is now testing the 200-day Exponential Moving Average, with this week's one-week forex heatmap showing Pound Sterling as one of the worst performers against the US Dollar, down about 1.4% on the week.

Gold benefits from a retreating USD; reduced Fed rate cut bets cap gains

Gold attracts some buyers for the second consecutive day on Thursday amid a modest US Dollar pullback from an over three-month high, though it remains below the $5,200 mark. Wednesday's upbeat US macro data further tempered hopes for three rate cuts by the Fed in 2026. Furthermore, escalating Middle East tensions might continue to benefit the USD's status as the global reserve currency and contribute to capping the bullion.