Pound Sterling Price News and Forecast: GBP/USD waiting for a bullish breakout

FXStreet Team FXStreet

GBP/USD Forecast: Recovering from the Fed? Not so fast, as sterling faces UK reopening risks

Freedom Day may be less free than anticipated – The UK may dilute plans to relax COVID-19 rules on June 21 due to worries about the India variant. While the number of people infected with the B.1.617.2 strain of coronavirus remains small, it is growing rapidly – 28% from Monday to Wednesday. The new worries about delaying the reopening come despite reassurances that existing vaccines cope with the variant. Read more...

GBP/USD Forecast: Waiting for a bullish breakout

The GBP/USD pair bounced back, and trades near a daily high of 1.4189 as demand for the dollar receded. The market continues trading according to expectations of rising inflationary pressures in the US and how those could affect the Federal Reserve monetary policy. The favourite measures are government bond yields, which soared with FOMC Minutes on Wednesday, but quickly retreated to end Thursday near weekly lows. Read more...

GBP/USD: Minor support at 1.4115/05

GBPUSD minor support at 1.4115/05. A break lower targets 100 month moving average support at 1.4080/60, perhaps as far as support at 1.4025/15. Gains are likely to be limited with minor resistance at 1.4135/40 & 1.4160/70. Important 6 month trend line resistance now at 1.4220/30. A break higher targets strong 200 week moving average resistance at 1.4300/10. Read more...

GBP/USD

Overview
Today last price	1.4186
Today Daily Change	0.0071
Today Daily Change %	0.50
Today daily open	1.4115

Trends
Daily SMA20	1.3985
Daily SMA50	1.3892
Daily SMA100	1.3833
Daily SMA200	1.3491

Levels
Previous Daily High	1.4201
Previous Daily Low	1.41
Previous Weekly High	1.4166
Previous Weekly Low	1.3982
Previous Monthly High	1.4009
Previous Monthly Low	1.3669
Daily Fibonacci 38.2%	1.4138
Daily Fibonacci 61.8%	1.4162
Daily Pivot Point S1	1.4076
Daily Pivot Point S2	1.4037
Daily Pivot Point S3	1.3974
Daily Pivot Point R1	1.4177
Daily Pivot Point R2	1.424
Daily Pivot Point R3	1.4278

Author

FXStreet Team

FXStreet

EUR/USD remains offered below 1.1600, seems vulnerable near multi-month low

The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1530 region, or the lowest level since November 2025, and lower for the third consecutive day on Wednesday. Spot prices slide back below the 1.1600 mark during the Asian session and seem vulnerable to slide further.

GBP/USD slips below key averages as geopolitical risks mount

GBP/USD fell about 0.35% on Tuesday, settling around 1.3350 after slipping below the 200-day Exponential Moving Average for the first time since early December. The pair has pulled back sharply from its late-January high near 1.3870, shedding over 500 pips in a series of lower highs and lower lows.

Gold rebounds ahead of US ADP, will it last?

Gold finds renewed Asian bids and retests $5,230 early Wednesday after the heavy sell-off on Tuesday. The US Dollar stands tall amid escalating Middle East tensions and reduced dovish Fed expectations. Gold defends $5,000 or 50% Fibo level after facing rejection at the 78.6% Fibo resistance at $5,342 amid bullish RSI.