GBPUSD keeps August rally on pause

GBPUSD faces low volatility but holds above 50-day SMA. Bearish short-term structure intact; bullish bias could emerge above 1.3655.

XM Group | 6 dagar sedan

GBPUSD is trading quietly ahead of a busy UK data calendar, consolidating between the recent high of 1.3580 and the 50-day simple moving average (SMA) at 1.3500.

So far, August has been favorable for the pair, with the price climbing more than 3% from the low of 1.3139, largely driven by a weaker US dollar. Stronger-than-expected UK GDP growth figures failed to negate the bearish head-and-shoulders pattern, leaving attention now on upcoming CPI inflation, S&P Global business PMIs, and retail sales. These releases could provide fresh insight into whether a pause in the BoE’s rate-cut cycle is possible in the coming months.

Technical indicators suggest there is still some upside potential. The MACD is gradually strengthening in positive territory, while the RSI is holding above its neutral 50 mark. If the 50-day SMA holds firm, the pair may attempt a move higher towards the key resistance area at 1.3620–1.3655. A break above this zone could open the way for a retest of July’s high at 1.3740, with further gains targeting 1.3900–1.4000 or even 1.4070.

On the downside, a drop below 1.3500 could see the pair testing support between the 20-day SMA at 1.3425 and the broken resistance trendline near 1.3360. A decisive bearish move there could drive the price down to August’s low of 1.3139. Below that, the 200-day SMA at 1.3000 would come into focus.

In summary, while technical signals point to some buying interest, GBPUSD will need to invalidate the short-term bearish structure with a move above 1.3655 to strengthen market confidence.

Förordning: CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa)

Taggar: Analys GBPUSD

ATFX Market Outlook 25th August 2025

Federal Reserve Chair Jerome Powell hinted that rate cuts may be needed but stressed caution, while unveiling a new policy framework with a flexible inflation target. U.S. equities closed higher on Friday, with the Dow Jones Industrial Average reaching a record closing high. Investors poured into risk assets, driving the Dow up 1.89%, the S&P 500 up 1.52%, and the Nasdaq Composite up 1.88%.

ATFX | 23h 36minuter sedan

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 | 3 dagar sedan

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 | 4 dagar sedan

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 | 4 dagar sedan

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 | 4 dagar sedan

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 | 6 dagar sedan

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 | 6 dagar sedan

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 | 7 dagar sedan

EURUSD	1.16278	GBPUSD	1.34548	AUDUSD	0.64744
USDJPY	147.715	USDCAD	1.38578	USDCHF	0.80553