GBP/USD

GBP/USD mid-day update (June 14, 2024): The pair rebounded from 1.2694 support and faces immediate resistance near 1.2760. Holding above 1.2694 keeps bulls in control targeting 1.2861–1.2892, while a break below 1.2694 may open a correction toward 1.2630. Technicals and UK-US fundamentals remain key. Analysis by ActionForex.com analysts.

GBP/USD maintains upward momentum, supported by strong UK economic data and a hawkish Bank of England. Attention now shifts to US Nonfarm Payrolls—any signs of US labor market cooling could further boost the pound against the dollar. Bulls remain favored as fundamentals align. #Forex #GBPUSD

GBP/USD shows bullish momentum supported by resilient UK data and cautious BoE policy outlook. Attention now turns to the US Nonfarm Payrolls report, a key catalyst for dollar direction and Fed expectations. Staying tuned for how NFP shapes the near-term forex landscape. #Forex #GBPUSD #NFP

GBP/USD holds steady above 1.3450 as traders await the crucial US Non-Farm Payrolls report. Sterling benefits from softer Fed rhetoric and lower yields, while cautious sentiment keeps price action subdued ahead of key jobs data due today. Market eyes NFP’s influence on USD outlook and Fed policy expectations.

GBP/USD shows positive support entering 2026, buoyed by softer US data, a Fed pause, UK economic surprises, and easing political risks. Technical rebound suggests potential upside toward 1.2780 and beyond. Watch key resistance and support levels closely. Source: Economies.com Analysis Team #Forex #GBPUSD

GBP/USD is under pressure following robust US ISM Services PMI data beating expectations. The stronger US economic outlook supports the Dollar, weighing on Sterling and prompting a bearish technical shift. Watch for further downside if USD momentum continues, with key support near 1.2630 in focus.

GBP/USD has come under pressure after robust US PMI data outperformed expectations, signaling stronger US economic momentum. This shifts Fed rate cut prospects later into 2024, boosting the US Dollar and weighing on Sterling. Key support near 1.2550-1.2600 looks critical in the near term as market focus remains on central bank policy divergence. #Forex #GBPUSD #PMI

GBP/USD faces downward pressure as stronger-than-expected US Services PMI data reinforces the dollar’s appeal and shifts Fed cut expectations. US economic resilience contrasts with mixed UK indicators, keeping sterling on the back foot. Watch support at 1.2650; a break lower may signal further downside.

GBP/USD holds a cautiously bullish stance as it consolidates below key resistance at 1.2847 amid mixed technical signals and macro factors. A break above 1.2847 could open the way to 1.2892 and 1.3000, while support at 1.2730 and 1.2670 remains critical. Market awaits fresh catalysts for next directional move. #Forex #GBPUSD #Trading

GBP/USD remains range-bound near 1.27 amid mixed technical signals and cautious macro outlooks. Key resistance at 1.2760/70 caps upside while support near 1.2674 and 1.2599 limits downside for now. Watch for a decisive break to set next directional move as market weighs Fed caution against Bank of England’s outlook. Technical momentum is neutral, signaling potential consolidation before the next trend emerges. For detailed analysis, see ActionForex.com.