Pound Sterling Price News and Forecast: GBP/USD takes offers to refresh multi-day low

FXStreet Team FXStreet

GBP/USD Price Analysis: Renews six-week low with eyes on 1.1920 support and UK Retail Sales

GBP/USD stands on slippery grounds as it refreshes the 1.5-month low near 1.1950 during early Friday. In doing so, the Cable pair extends the previous day’s downside break of a six-week-old ascending trend line during the three-day losing streak.

Not only the break of a multi-day-old ascending trend line but the bearish MACD signals also favor the GBP/USD sellers. Read more...

Trading the market structure on GBP/USD [Video]

In this forex trading video we cover the entry,exit reasons and management for our forex trade today on the GBP/USD & how you can trade the forex structure on Daily , 4 , 1 Hourly charts. In the last few videos we covered the steps to find and trade structure. In this video you will learn how we traded the GBP/USD structure today using the trading charts and price action. Read more...

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FXStreet Team

FXStreet

EUR/USD keeps the offered stance just above 1.1700

EUR/USD is coming under heavy selling pressure in what has been a rather grim start to the new trading week, with the pair now trading close to the 1.1700 support area as the US Dollar stages a solid rebound. The prevailing flight to safety mood continues to favour the Greenback, as investors react to the escalating conflict in the Middle East and trim risk exposure across the board.

GBP/USD hits new yearly lows near 1.3300

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

Gold battles to retain the positive momentum

Gold now surrenders part of the earlier advance past the $5,400 mark per troy ounce at the beginning of the week. Indeed, the precious metal’s strong uptick remains fuelled by increasing geopolitical tensions in the Middle East amid the intense demand for safer assets.