GBP/USD Forecast: Pound Sterling could edge lower if it returns below 1.3100
GBP/USD preserved its bullish momentum and gained nearly 150 pips on Thursday, closing the sixth straight day in positive territory. After touching its highest level since April 2022 at 1.3142 in the Asian session on Friday, the pair retreated toward 1.3100. Read more…
GBP/USD shifts the focus to 1.3335 – UOB
Considering the ongoing price action, Markets Strategist at UOB Group Quek Ser Leang assesses the outlook for GBP/USD.
In our 3Q23 Quarterly Global Outlook published on 16 June 2023, when GBP/USD was trading at 1.2785, we highlighted the crossover of the 21- and 55-week exponential moving averages in GBP/USD. We noted, “This could lead to GBP/USD rising to 1.3100 before the risk of a pullback increases”. Read more…
GBP/USD: More consolidation in the short run looks likely – Scotiabank
Shaun Osborne, Chief FX Strategist at Scotiabank, analyzes GBP/USD technical outlook.
The Pound’s powerful rally has stalled against resistance at 1.3145 (tested four times in the past 24 hours). This does not appear to be a major technical point for Cable, according to my read of the charts, however. In fact, there is little – obvious – resistance to GBP gains extending until the 1.33 area at this point. Read more…
Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-shifts-the-focus-to-13335-202307141207