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Gbpdollar

Inflation in the UK Has FallenInflation in the UK Has Fallen According to Forex Factory, the Consumer Price Index (CPI) reading came in below expectations: while analysts had forecast a decline to 2.7% year-on-year from the previous 2.8%, the actual CPI figure was 2.6%. Following the release of this news, the GBP/USD exchange rate rose to 1.3280 – the highest level in seven months. On the one hand, falling inflation is a sign of a healthy economy and a relief for the Bank of England, especially considering that CPI stood in double digits just two years ago. As a result, analysts may now predict that interest rates could be cut at the meeting scheduled for 8 May. On the other hand, demand for the dollar remains volatile due to Trump’s tariff policies, fears of a US recession, and a wave of bond sell-offs. Technical Analysis of the GBP/USD Chart In just one week, the pound-to-dollar rate has risen by approximately 4.2%, with the RSI indicator now hovering near extreme overbought levels. Furthermore, the price is approaching the upper boundary of the ascending channel, which has been in play since the beginning of 2025. In such conditions, a correction (with a bearish breakout of the ascending trendline, shown in blue) appears a logical development. However, a key factor in sustaining the current trend of dollar weakness could be the speech by Federal Reserve Chair Jerome Powell, scheduled for today at 20:30 GMT+3. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
Don't miss the great sell opportunity in GBPUSDShort-Term Forecast: Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.3033). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPUSD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 25. Take Profits: TP1= @ 1.2802 TP2= @ 1.2733 TP3= @ 1.2609 TP4= @ 1.2525 TP5= @ 1.2259 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
31
Don't miss the great buy opportunity in GBPUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.3100). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 58. Take Profits: TP1= @ 1.3225 TP2= @ 1.3350 TP3= @ 1.3515 SL= Break below S2
Long
by ForecastCity
8
Don't miss the great buy opportunity in GBPUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.3100). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 58. Take Profits: TP1= @ 1.3225 TP2= @ 1.3350 TP3= @ 1.3515 SL= Break below S2
Long
by ForecastCity
12
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2195. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.227. TP4: R2=1.23. Set the stoploss of these orders at breakout of S2=1.2175. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2175. In this situation, there is an expectation to reach the target S3=1.2085. Set the stoploss of reverse orders at breakout of S1=1.2195. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
2
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2195. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.227. TP4: R2=1.23. Set the stoploss of these orders at breakout of S2=1.2175. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2175. In this situation, there is an expectation to reach the target S3=1.2085. Set the stoploss of reverse orders at breakout of S1=1.2195. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
6
Don't miss the great buy opportunity in GBPUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.2195). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPUSD is in a down trend and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 1.2385 TP2= @ 1.2300 TP3= @ 1.2560 SL= Break below S2
Long
by ForecastCity
2
Don't miss the great buy opportunity in GBPUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.2195). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPUSD is in a down trend and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 1.2385 TP2= @ 1.2300 TP3= @ 1.2560 SL= Break below S2
Long
by ForecastCity
7
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2105. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.217. TP4: R2=1.219. Set the stoploss of these orders at breakout of S2=1.2085. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2085. In this situation, there is an expectation to reach the target S3=1.1995. Set the stoploss of reverse orders at breakout of S1=1.2105. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
2
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.254. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.259. TP4: R2=1.2615. Set the stoploss of these orders at breakout of S2=1.2505. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2505. In this situation, there is an expectation to reach the target S3=1.24. Set the stoploss of reverse orders at breakout of S1=1.254. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
2
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.254. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.259. TP4: R2=1.2615. Set the stoploss of these orders at breakout of S2=1.2505. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2505. In this situation, there is an expectation to reach the target S3=1.24. Set the stoploss of reverse orders at breakout of S1=1.254. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
4
GBPUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.294. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.29. TP4: S2=1.2865. Set the stoploss of these orders at breakout of R2=1.296. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.296. In this situation, there is an expectation to reach the target R3=1.305. Set the stoploss of reverse orders at breakout of R1=1.294. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity
4
GBPUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.294. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.29. TP4: S2=1.2865. Set the stoploss of these orders at breakout of R2=1.296. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.296. In this situation, there is an expectation to reach the target R3=1.305. Set the stoploss of reverse orders at breakout of R1=1.294. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity
5
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.301. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.307. TP4: R2=1.312. Set the stoploss of these orders at breakout of S2=1.298. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.298. In this situation, there is an expectation to reach the target S3=1.288. Set the stoploss of reverse orders at breakout of S1=1.301. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
2
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.301. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.307. TP4: R2=1.312. Set the stoploss of these orders at breakout of S2=1.298. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.298. In this situation, there is an expectation to reach the target S3=1.288. Set the stoploss of reverse orders at breakout of S1=1.301. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
2