GBPUSD gains some confidence for new higher high

GBPUSD returns above key support trendline, reduces negative risks Technical signals are encouraging for a continuation to 1.2850-1.2900

GBPUSD stepped on the 20-day simple moving average (SMA) and climbed back above the broken short-term support trendline from October at 1.2720, reviving hopes that the soft four-day bullish wave could gain extra legs in the coming sessions.

The positive trajectory in the RSI and the stochastic oscillator is endorsing the bullish case, increasing the odds for a bounce towards the 1.2850-1.2900 resistance region. Note that the short-term ascending line from November 2023 is passing through this area. Hence, a decisive close above it could encourage a direct flight towards the 1.3000 psychological mark and the tentative ascending line, which connects the highs from October and November.

On the downside, the 20-day SMA will remain under the spotlight at 1.2686. A break below that line is expected to see a test near the crucial floor of 1.2610. If the bears drive below that base, confirming a negative head and shoulders pattern, the price could tumble towards its 50- and 200-day SMAs, which are currently trying to complete a golden cross around 1.2532. Additional declines from there might last till the 2020 upward-sloping trendline at 1.2400, unless the 1.2460 barrier blocks the way down.

All in all, GBPUSD has restored some optimism in the short-term picture after the close above the 1.2720 bar. Overall, the outlook may not deteriorate unless the 1.2610 floor cracks.   

規制: CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa)
read more
GBP/USD: Friday correction after surge

GBP/USD: Friday correction after surge

On Friday, the GBP/USD pair declined to 1.3401 after strong gains earlier in the week. The previous rally was triggered by July business activity data, which showed the best performance in a year, mainly supported by the services sector.
RoboForex | 2日前
ATFX ​Market Outlook 22nd August 2025

ATFX ​Market Outlook 22nd August 2025

Ahead of Fed Chair Jerome Powell’s speech tonight, three Fed officials poured cold water on expectations of a September rate cut. U.S. PMI data showed stronger business activity in August, but weekly jobless claims posted the most significant increase in nearly three months, highlighting continued labor market weakness.
ATFX | 3日前
Eurozone PMI in Focus as Dollar Holds Strong | 21st August 2025

Eurozone PMI in Focus as Dollar Holds Strong | 21st August 2025

FX markets tread cautiously ahead of Eurozone PMI and FOMC minutes. EUR/USD holds near 1.1650 under dollar pressure, while GBP/USD slips toward 1.3400 on sticky UK inflation. USD/JPY steadies in the mid-147s, EUR/JPY consolidates near 171.70, and USD/CAD hovers at 1.3880 with oil gains offering little relief. Traders eye PMI prints and Fed signals for direction.
Moneta Markets | 3日前
ATFX ​Market Outlook 21st August 2025

ATFX ​Market Outlook 21st August 2025

The FOMC minutes revealed that only two Fed policymakers supported a rate cut in September. U.S. equities fell on Wednesday, with the Nasdaq and S&P 500 pressured by a tech selloff as investors rotated into lower-valued sectors, while awaiting comments from Fed officials at the Jackson Hole symposium later this week. The Dow edged up 0.04%, the S&P 500 slipped 0.24%, and the Nasdaq lost 0.67%.
ATFX | 3日前
ATFX Market Outlook 20th August 2025

ATFX Market Outlook 20th August 2025

The U.S. increased tariffs on 407 products, with steel and aluminium duties reaching as high as 50%. U.S. equities declined on Tuesday, with the Nasdaq and S&P 500 pushed lower by technology shares, while investors looked ahead to Fed Chair Jerome Powell’s speech later this week at the central bank’s annual symposium. 
ATFX | 4日前
Pound Holds Ahead of Inflation Data | 19th August 2025

Pound Holds Ahead of Inflation Data | 19th August 2025

Gold holds near $3,338 as traders eye Powell’s Jackson Hole remarks, while silver struggles below $38.00 amid fading safe-haven demand. GBP/USD steadies around 1.3500 ahead of UK CPI, with stronger GDP offering support. NZD/USD firms near 0.5925 as markets await the RBNZ decision, while USD/CNY stays anchored after a slightly weaker PBoC fix. Key central bank signals remain in focus.
Moneta Markets | 5日前
ATFX ​Market Outlook 19th August 2025

ATFX ​Market Outlook 19th August 2025

U.S. equities ended Monday little changed as investors struggled for direction, awaiting earnings reports from major retailers for further clues on the economic outlook, while also focusing on the upcoming Federal Reserve symposium in Jackson Hole. The Dow Jones slipped 0.08%, the S&P 500 edged down 0.03%, and the Nasdaq inched up 0.01%.
ATFX | 6日前