GBP/USD Analysis: Bulls seize control above 1.2300, US macro data eyed for fresh impetus

United States News News

GBP/USD Analysis: Bulls seize control above 1.2300, US macro data eyed for fresh impetus
United States Latest News,United States Headlines
  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

GBP/USD Analysis: Bulls seize control above 1.2300, US macro data eyed for fresh impetus GBPUSD Inflation BOE Fed Currencies

have just started gaining positive traction and support prospects for a further near-term appreciating move. Hence, some follow-through strength towards reclaiming the 1.2400 mark, en route to the December 2022 swing high near the 1.2445 area, looks like a distinct possibility. The momentum could get extended further and allow the GBP/USD pair to reclaim the 1.2500 psychological mark for the first time since June.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GBP/USD bulls cross 1.2300 despite softer UK inflation, US Retail Sales, PPI in the spotlightGBP/USD bulls cross 1.2300 despite softer UK inflation, US Retail Sales, PPI in the spotlightGBP/USD bulls cross 1.2300 despite softer UK inflation, US Retail Sales, PPI in the spotlight – by anilpanchal7 GBPUSD Inflation RiskAppetite RetailSales PPI
Read more »

GBP/USD Price Analysis: Signs of bearish reversal solidifies as risk impulse soursGBP/USD Price Analysis: Signs of bearish reversal solidifies as risk impulse soursThe GBP/USD pair is displaying a lackluster performance as the auction profile has trimmed to a narrow range of 1.2180-1.2210 in the early Tokyo sessi
Read more »

GBP/USD Price Analysis: Rising wedge, bearish RSI divergence lure sellers ahead of UK inflationGBP/USD Price Analysis: Rising wedge, bearish RSI divergence lure sellers ahead of UK inflationGBP/USD Price Analysis: Rising wedge, bearish RSI divergence lure sellers ahead of UK inflation GBPUSD Technical Analysis Inflation ChartPatterns SupportResistance
Read more »

GBP/USD Forex Signal: Bullish Above $1.2100GBP/USD Forex Signal: Bullish Above $1.2100My previous GBP/USD signal on 11th January was not triggered, as there was no bullish price action when the price first reached the support level at $1.2111.
Read more »

EUR/USD Price Analysis: Bulls pushing back against bears above critical 1.0770 supportEUR/USD Price Analysis: Bulls pushing back against bears above critical 1.0770 supportAs per the prior analysis, EUR/USD Price Analysis: Downside thesis gaining traction, bears hunting down 1.0770s that guard 1.0750, there remains a bea
Read more »

Pairs in Focus This Week-GBP/USD, EUR/USD, USD/JPY, AUD/USDPairs in Focus This Week-GBP/USD, EUR/USD, USD/JPY, AUD/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 15th, 2022 here.
Read more »



Render Time: 2025-03-06 17:00:38