- GBP / USD Forecast sets positive, marking fresh 39-month top.
- The U.S. dollar is facing pressure due to the installation of deficits associated with Trump tax account and reducing the rate.
- The technical view is Bullish with a steam shop with an upward channel and closing key resistance.
GBP / USD Forecast is strongly rotated after corrective leasure. The couple managed to violate the 39-month peak due to favorable favorable macroeconomic data in the UK and the growing pressure on the US dollar.
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The British feature receives a wolf after the expected sales data in the UK and persistent inflation. Indicators led to speculation that the Bank of England can end the break rate at the June meeting, helping GBP demand.
On the other hand, the US dollar remains under significant sales pressure. Political and fiscal insecurities about “One beautiful account” supported by President Trump thickened concerns about the inflation of the fiscal deficit. According to the Congressional Budget Office, the account can expand the deficit for $ 3.8 trillion due to tax breaks.
In addition, Moody reduced the American Credit Rating of AAA in AA1, stating a spiral debt according to GDP projections. Meanwhile, Fed officials showed a cautious tone due to economic uncertainty arising from tariffs and the risk of stagnant. The markets are increasingly priced in reducing feet 2025.
GBP / USD Key events forward
Due to the holiday holidays of the US and UK, there are no significant economic data or events today.
GBP / USD Technical forecast: Growth Channels Goal for 1,4000
GBP / USD pair remains in a growing channel, indicating a powerful momentum. Immediate resistance occurs at 1.3600 resistance levels during the notification of 1,3960 – 1,4000 zones as a long-term goal. Immediate support occurs at 1,35,000 psychological levels before 9-day EMA on the 1,3428, lower range of growing channel at 1,3310.
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The 14-day RSI approaches 70 levels indicating the overpayment scenario. So, a short-term correction can happen. If the bulls fail to maintain above 1,3445, the trend could weaken and move towards the surface 1.3300 to 1,3100.
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