GBP/USD remains rangebound as the latest US jobs data fails to provide fresh momentum for the dollar. Despite steady labor market figures, neither currency gains a decisive edge amid cautious central bank outlooks on both sides of the Atlantic. Key technical levels at 1.2600 support and 1.2800 resistance continue to define trading.
GBP/USD remains confined between its 100-hour support and 200-hour resistance moving averages, signaling a critical juncture for traders. A decisive break above or below these levels could trigger notable volatility. Monitoring macroeconomic cues from the UK and US will be key to anticipating the next directional move. #Forex #GBPUSD #TechnicalAnalysis
The U.S. Dollar has retreated as traders turn their attention to JOLTS labor data, influencing market expectations on Federal Reserve policy. This shift is driving volatility in major pairs like EUR/USD, GBP/USD, USD/CAD, and USD/JPY. Key levels and technical setups will guide next moves as markets digest labor market signals.
GBP/USD extends its two-day bullish recovery, firmly holding above the key 1.34 support level. Improved risk sentiment, resilient UK data, and shifting central bank expectations continue to boost Sterling’s momentum against the US Dollar. Traders eye next resistance levels for potential continuation. #Forex #GBPUSD
GBP/USD extends its bullish recovery into a second day, firmly supported by the 1.34 level. Technical momentum and easing US dollar strength underpin the rebound, while market participants closely watch central bank cues and UK-US economic data for the next directional cues.
GBP/USD extends its two-day bullish recovery, holding above the key 1.34 level. Supported by improved risk sentiment, US dollar softness, and resilient UK data, the pound looks poised to challenge resistance near 1.3475 as markets eye Bank of England policy signals.
GBP/USD extends two-day bullish recovery, holding firm above the key 1.3400 support level. Dollar weakness, hawkish Bank of England expectations, and stronger UK data underpin sterling’s rebound. Watch resistance at 1.3500 and 1.3530 as the pair eyes further gains amid mixed US economic signals.
GBP/USD extends its two-day bullish recovery by holding firm above the key 1.34 level. Technical setups suggest potential for further gains if resistance at 1.35 is breached, while fundamental factors like UK economic resilience and shifting BOE expectations support the Pound’s rebound against the US Dollar. Traders remain watchful of key levels for confirmation.
Pound Sterling gains momentum against the US Dollar as GBP/USD climbs near 1.2715 amid a lack of fresh US economic data. Market positioning, stabilizing UK sentiment, and easing demand for safe havens support GBP strength, while the Dollar lags with no new catalysts. Traders watch key technical levels for next moves.
Texas manufacturing growth slowed notably in September, per the Dallas Fed survey, signaling potential softening in US economic momentum. Forex markets may respond with a weaker US dollar as traders reassess Fed rate hike prospects amid cooling demand and moderating price pressures.
