This GBPUSD analysis reviews the currency pair from technical and fundamental aspects. It also features trend examination, price forecasts, support and resistance levels, and trading signals.
We update this page daily to ensure you have the latest information by covering the price changes.
GBPUSD Analysis & Live Chart
GBPUSD Fundamental Analysis
Bloomberg—The British Pound climbed for the seventh day in a row, reaching $1.327, marking its strongest streak since July. This upward trend was driven by a weaker US dollar, despite softer-than-expected inflation figures.
Headline inflation slowed to 2.6% annually, while services inflation eased to 4.7%, reducing pressure on the Bank of England to maintain higher rates. As a result, traders have slightly raised their expectations for interest rate cuts, with 86 basis points of easing now priced in by year-end.
The likelihood of a fourth rate cut in December has also increased, as the slowdown in inflation may give the BoE more flexibility to support the economy during a time of global trade uncertainty and rising living expenses.
GBPUSD Technical Analysis
FenzoFx—The GBP/USD currency pair tested $1.3202 as support. Consequently, the pair bounced from this point, currently trading at approximately $1.3277 and resuming its bullish trajectory.
The bullish outlook remains valid as long as the price holds above the critical support level at $1.3144. In this scenario, the next bullish target will likely be $1.3435.
The Bearish Scenario
The support level that stands between the bear market and the bull market rests at $1.3144. A new bearish wave could emerge if GBP/USD declines below this level. If this scenario unfolds, the currency pair could target the $1.3030 support.
GBPUSD Support and Resistance Levels
| Support | 1.3202 | 1.3144 | 1.3030 |
| Resistance | 1.3300 | 1.3400 | 1.3435 |
Market Trends Through Technical Indicators
The widget below calculates market trends using multiple indicators, such as moving averages and oscillators. It allows users to easily review market trends across various timeframes.
The larger the timeframe, the more accurate the signals tend to be. Integrating this widget into your strategy and considering our fundamental news can help you make well-informed decisions.
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