Forecasts & Analysis | GBP/USD
April 15th 2021: 91.60 Daily Support Makes an Entrance on the US Dollar Index
Dollar action recently navigated to three-week lows. Interestingly, the DXY also shook hands with 91.60 daily support, which may have dollar bulls make an appearance.
GBP/USD Price Forecast – British Pound Continues to Find Same Level
The British pound had initially rallied during the trading session on Wednesday to reach towards the 50 day EMA only to give it back up.
EUR/USD, GBP/USD Analysis & Setups 14 – 16 Apr 2021
EUR/USD bullish wave 5 has reached the first target zone at 1.1975. But an extension for one more higher high is possible if price action bounces at the shallow Fibs near 1.1937-50.
April 14th 2021: Dollar Index Extends Bearish Presence South of 200-Day SMA Following Inflation Data
Declining US Treasury yields pressuring the buck lower Tuesday provided AUD/USD support, with enough force to bring light to H4 trendline resistance.
GBP/USD Price Forecast – British Pound Continues to Grind Sideways
The British pound has gone back and forth during the course of the trading session on Tuesday as we continue to dance around the all-too-familiar 1.3750 level.