Pound Sterling Price News and Forecast: GBP/USD bulls are eyeing more upside
GBP/USD Price Analysis: Cable finds support at 20-EMA around 1.1600
The GBP/USD pair has overstepped the immediate resistance of 1.1600 in the Asian session amid a subdued performance by the US dollar index (DXY). The DXY is performing lackluster in a limited range ahead of the monetary policy decision by the Federal Reserve (Fed).
GBP/USD Weekly Forecast: Relief rally could fizzle as Fed and BoE take center stage
The new UK Prime Minister Rishi Sunak breathed new life into the GBP/USD pair, as the winning streak extended into the third straight week. However, it remains to be seen if the currency pair sustains the relief rally ahead of the critical macro events scheduled in the week ahead.