GBP/USD maintains bullish momentum above mid-1.3300s, holding near the 38.2% Fibonacci retracement level. Supported by resilient UK data and a softer USD, the pair eyes resistance around 1.3400–1.3450. Watch for a break above to confirm further gains. #FX #GBPUSD
GBP/USD trades with a positive bias above the mid-1.3300s, holding near the 38.2% Fibonacci retracement level of the recent move. The pair shows resilience amid cautious Bank of England signals and a supported US Dollar, suggesting potential further upside if it sustains above key technical support. Watch for a breakout above 1.3400 to confirm bullish momentum. #Forex #GBPUSD #FXStreet
GBP/USD slides below 1.3350 amid rising US-China trade tensions and risk aversion. Dollar strength fueled by safe-haven demand weighs on Sterling, while UK political uncertainty adds pressure. Markets watch for key economic data and geopolitical developments this week.
GBP/USD falls below 1.3350 amid ongoing US-China trade tensions. Rising risk aversion boosts the safe-haven dollar, while Brexit uncertainty and weak UK economic data add pressure on the pound. Traders eye further downside as global uncertainties persist.
Monday Levels: Indicative FX prices on October 13, 2025, show subtle shifts as markets react to central bank policy uncertainty and evolving risk sentiment. TACO trades—strategies exploiting central bank overreactions—are filtering through, influencing major pairs like EUR/USD at 1.0762 and USD/JPY near 150.6. Watch this space for tactical moves ahead of key data releases.
(Reporting: Justin Low, ForexLive/TradingView)
USD/SGD settled just below a 21-week high after rallying to 1.3668, closing the week with a 0.6% gain. Strong US economic data and hawkish Fed signals supported the dollar, while mixed Singapore growth and geopolitical concerns influenced price action. Technical momentum faces resistance near 1.3680, with support around 1.3600. Traders remain watchful of upcoming policy moves and global trade developments.
Oil prices are wobbling between $77.50 and $80 per barrel as OPEC+ signals and geopolitical tensions keep markets on edge. Meanwhile, the British pound slid sharply to 1.3330 against the dollar amid cautious global growth outlooks. Watch closely for potential breakouts in both crude and GBP/USD as uncertainty mounts.
Weekly Forex Forecast for DXY, EUR/USD, GBP/USD, USD/JPY by Justin McQueen at ForexFactory.com:
The DXY remains supported amid resilient US jobs and sticky inflation, eyeing resistance near 106 ahead of May CPI data. EUR/USD faces downside pressure from ECB easing and weak Eurozone growth, struggling below 1.09. GBP/USD awaits UK inflation cues with consolidation near 1.26. USD/JPY is poised for gains on safe-haven flows and divergent BoJ-Fed policy. Traders should monitor key data releases and central bank signals for directional clarity this week.
Weekly Forex Forecast:
DXY shows bullish momentum, reclaiming 105 and eyeing resistance near 106.50–107 amid resilient US data and hawkish Fed signals. EUR/USD under pressure below 1.0700 as ECB shifts dovish and Eurozone growth lags. GBP/USD faces consolidation amid Brexit uncertainties and subdued UK growth. USD/JPY holds steady above 141, supported by US dollar strength and cautious BoJ stance. Watch upcoming US CPI and central bank meetings for volatility.
Credit: Justin McQueen, ForexFactory.com
Weekly Forex Forecast from Yohay Elam:
DXY steadies amid mixed US data and cautious Fed signals; resistance near 105.80-106.50, support at 104.00.
EUR/USD remains pressured by Eurozone economic concerns and ECB dovishness, key levels 1.0800 resistance and 1.0720 support.
GBP/USD awaits UK data with volatility expected; watch 1.2200 resistance and 1.2100 support.
USD/JPY influenced by US yields and BoJ stance; resistance around 146.00, support near 144.00.
Traders should monitor central bank updates and economic releases closely.
