Pound Sterling Price News and Forecast: GBP/USD bulls are taking control with eyes on a significant

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GBP/USD Price Analysis: Bears lurking at critical daily resistance near 1.3440

GBP/USD bulls are taking control with eyes on a significant correction for the opening sessions. The bulls are correcting the bearish impulse on the daily chart and a move into retest old support near 1.3440 could on the cards for the sessions ahead. However, bears will be looking for a discount should the resistance hold initial tests.

GBP/USD Weekly Forecast: Sterling sinking set to continue on high BOE expectations, low NFP ones

Rate hikes are coming to America – and that has supercharged the dollar higher. Can the Bank of England counter that move and shore up the pound? Alongside US Nonfarm Payrolls, there is room for extended volatility. Powell powers up the dollar: The Federal Reserve left its policy unchanged, but made a notable change of tone toward the hawkish side.

EUR/USD looks to regain the 200-day SMA

EUR/USD regains some balance and trade just above 1.1600 the figure ahead of the opening bell in Asia. The pair initially dipped to the 1.1530 zone for the first time since November, always following the stronger US Dollar and the marked flight-to-safety in the context of the ongoing Middle East crisis

GBP/USD attacks 1.3300, refreshing three-month lows

GBP/USD is deep in the red near 1.3300, accelerating its downside to renew three-month lows in European trading on Tuesday. The ongoing escalation in the Iran war, combined with rising Oil prices, weighs negatively on the higher-yielding Pound Sterling as the US Dollar capitalizes on increased haven demand.

Gold bounces off lows, back above $5,100

Gold remains on the defensive, eroding part of the recent multi-day advance and managing to trade back above the $5,100 mark per troy ounce on Tuesday. The precious metal initially dropped just below the critical $5,000 threshold on the back of the persistent strength of the Greenback, higher US Treasury yields across the curve and investors' repricing of Fed rate cuts.