GBP/USD analysis: Breakout or failure at 1.2448 weekly resistance? [Video]
Hi Traders, watching price levels on the GBPUSD daily and 15-minute charts. Price has advanced back to the 1.2401-48 daily/weekly resistance area. Will price break above the 1.2448 weekly resistance level or offer a reversal back down the trading range? Read more...
GBP/USD Forecast: Pound Sterling could struggle to hold above 1.2500
Following a consolidation phase in the Asian session on Tuesday, GBP/USD has gathered bullish momentum and advanced to its highest level since June 2022 above 1.2500. The pair's near-term technical outlook suggests that there could be a technical correction before the pair continues to push higher. Read more...
GBP/USD: Sustained break above 1.2445 implies upside potential toward 1.30 – Scotiabank
GBP/USD gains accelerate through key resistance at 1.2445. This is a strong bullish signal for the GBP, economists at Scotiabank report.
“Gains in the GBP through the mid-1.24 area that has capped the Pound since last year are a bullish technical signal that augurs for more strength ahead.” Read more...
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