Flatline GBP/USD near the upper channel band

GBPUSD walked around with water around the level 1.2923, trying to get further adhesion after his march bull got stuck near the upper limit of his stubborn channel.

Last week, the couple increased by up to 1.2945, marking their highest level from November 2024. However, strengthening of the purchased signals suggests that the last rally may lose the pair, because the RSI and Stochasty oscillator seem to reach the summit above 30 and 20 respectively. Read more …

GBP/USD forecast: pound Sterling can face a unyielding resistance before aiming at 1.3000

After publishing miniature losses on Monday, GBP/USD regains its adhesion on Tuesday and trades conveniently above 1,2900. In a low technical period, he suggests that the stubborn prejudice remains intact, but the couple may have a hard time to spotless a mighty resistance of 1.2975.

GBP/USD did not rely on impressive profits from the previous week on Monday, because safe and sound flows dominated the action on the financial markets. After opening in the negative territory, the main Wall Street indicators dropped violently, exerting pressure on the escalation of fears about economic slowdown in the USA. On Sunday, US President Donald Trump admitted that there would be a “period of passage”, asked if his political changes could potentially cause a recession. Read more …