Pound Sterling Price News and Forecast: GBP/USD ready to break beyond 1.3745

FXStreet Team FXStreet

GBP/USD Price Analysis: Refreshes multi-month top on clearing 1.3745/50 resistance

GBP/USD takes the bids near the yearly top, also the highest since May 2018, around 1.3750 amid Wednesday’s Asian trading session. In doing so, the cable marks an uptick beyond the one-week-old horizontal resistance.

Although clearance of short-term upside hurdle and bullish MACD suggests further upside of the quote, nearly overbought RSI conditions may push the GBP/USD buyers to wait for a clear break of 1.3750 before taking fresh long positions.

GBP/USD Forecast: Bulls hold the grip, 1.3800 at sight

The GBP/USD pair peaked at 1.3744, flirting with the yearly high and holding nearby as the day comes to an end. The pound got boosted by better than expected UK employment data, as the ILO unemployment rate came in at 5% for the three months to November. The December Claimant Count Change resulted at 7K much better than the 35K anticipated, while average earnings rose by more than anticipated, including and excluding bonus, up by 3.6% in the three months to November.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

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