Pound Sterling Price News and Forecast: GBP/USD bulls are taking control with eyes on a significant

FXStreet Team FXStreet

GBP/USD Price Analysis: Bears lurking at critical daily resistance near 1.3440

GBP/USD bulls are taking control with eyes on a significant correction for the opening sessions. The bulls are correcting the bearish impulse on the daily chart and a move into retest old support near 1.3440 could on the cards for the sessions ahead. However, bears will be looking for a discount should the resistance hold initial tests.

GBP/USD Weekly Forecast: Sterling sinking set to continue on high BOE expectations, low NFP ones

Rate hikes are coming to America – and that has supercharged the dollar higher. Can the Bank of England counter that move and shore up the pound? Alongside US Nonfarm Payrolls, there is room for extended volatility. Powell powers up the dollar: The Federal Reserve left its policy unchanged, but made a notable change of tone toward the hawkish side.

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