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British Pound (GBP) Price Outlook: GBP/USD Stabilizing on Evergrande Relief
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British Pound (GBP) Price Outlook: GBP/USD Ready to Bounce Back
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British Pound (GBP) Price Outlook: GBP/USD Strong, Breaks Above Resistance
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British Pound (GBP) Price Outlook: GBP/USD Facing Trendline Resistance
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British Pound (GBP) Price Outlook: Range-Trading Opportunities in GBP/USD
GBP price, news and analysis:
GBP/USD continues to trade sideways around the 1.4150 level, providing opportunities for range traders.
Attention this session will be on the UK Prime Minister’s former chief advisor, Dominic Cummings, as he answers questions from Members of Parliament.
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GBP/USD range trades
GBP/USD continues to trade around the 1.4150 level between resistance at the 1.4234 May 21 high and support at the 1.4099 May 19 low. For now those levels will likely hold, with the pair easing back if it hits 1.4234 and bouncing if it comes close to 1.41. Note, though, that the longer-term trend higher remains in place so if GBP/USD is to break out it will be more likely to the upside than the downside.