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

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

AUD/USD recovers toward 0.7000 amid improving mood

AUD/USD is firming up toward 0.7000 in Asia on Tuesday, helped by improving market mood. A pause in the US Dollar rebound also aids the pair's upside. However, geopolitical risks and caution ahead of AI tech earnings report could limit the pair.

USD/JPY flatlines near 158.50 as markets seek direction

USD/JPY steadies around 158.50 in the Asian trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of Japan’s National Consumer Price Index inflation data later on Friday. Meanwhile, elevated US bond yields provide some support to the US Dollar against the Japanese Yen.

Gold just failed at $4,150. This is the next stop

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Crypto Today: Bitcoin, Ethereum, XRP tick lower amid mixed ETF flows

Bitcoin is trading above $81,000 on Tuesday, aligning with a lethargic tone in the broader cryptocurrency market. Altcoins, including Ethereum and Ripple, reflect Bitcoin’s lock-step price action, trading below $2,400 and $1.30, respectively.

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The new trading week opens with a mixed but revealing picture across global markets. Indices, commodities, FX, tech stocks, and cryptocurrencies are all sending one message: risk appetite is alive, but it is cautious, selective, and highly sensitive to macro signals.

The US Dollar fell. Gold didn't rally. That tells you everything

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