GBP/USD price forecast: Reaches three-month highs above 1.3550
The GBP/USD pair continues its gains for the second session in a row, trading around the 1.3560 level during Asian hours on Tuesday. Technical analysis on the daily chart indicates a continuation of the bullish bias. The 14-day RSI reached 69.29, near the overbought zone. If the RSI extends into the overbought zone, the pair may consolidate before the trend resumes.
The GBP/USD pair is holding above the bullish nine-day Exponential Moving Average (EMA) and the 50-day EMA, maintaining its bullish bias. The short-term average remains above the medium-term scale, maintaining upward pressure. Read more…
GBP/USD pulls back from multi-month highs, trades below mid-1.3500s amid rising US dollar
The GBP/USD pair fell during the Asian session on Tuesday and is reversing part of the previous day’s strong move up to the 1.3545-1.3550 area, or its highest level since September 2025. However, the downtrend lacks bearish conviction, with spot prices currently trading around the 1.3535-1.3530 area, down less than 0.10% on the day.
As investors eye Monday’s mixed December 2025 US PMI data, the US Dollar (USD) is attracting some safe-haven flows on the back of heightened geopolitical tensions and acting as a headwind for GBP/USD. The US S&P Global Manufacturing PMI settled at 51.8 and indicated continued expansion. In contrast, the Institute for Supply Management (ISM) manufacturing PMI showed signs of continued contraction and fell to 47.9 from 48.2 in November. Read more…
GBP/USD reclaims 1.3500 as US dollar falters on geopolitical shock and weak data
The GBP/USD pair rose more than 0.29% on Monday as the US dollar erased earlier gains fueled by risk aversion in the FX space, thanks to geopolitical developments over the weekend. The pair is trading at 1.3500 after rebounding from its daily lowest level at 1.3413.
Improving market sentiment pushed the dollar lower as shown by the US Dollar Index (DXY). The DXY index, which measures the greenback’s performance against the six other currencies, fell 0.03% to 98.39 after rising 0.40% during the day. Read more…
