The Pound Sterling (GBP) secured three consecutive months of gains against the US Dollar (USD) in the past week as the GBP/USD pair recaptured the 1.3400 threshold to stay at the highest level since March 2022.
The Pound Sterling briefly recaptured 1.3400 versus the US Dollar. GBP/USD looks to US labor data for a fresh directional impetus. The daily technical setup continues to favor Pound Sterling buyers. The Pound Sterling secured three consecutive months of gains against the US Dollar in the past week as the GBP/USD pair recaptured the 1.3400 threshold to stay at the highest level since March 2022.
The US ISM Services PMI will be reported on Thursday as traders’ focus shifts toward the all-important Nonfarm Payrolls slated for release on Friday. Speeches from Fed officials and the Middle East geopolitical developments will continue to drive the sentiment around the US Dollar, in turn, affecting the GBP/USD pair. GBP/USD: Technical Outlook As observed on the daily chart, the GBP/USD pair extended the upside break of the falling trendline resistance, then at 1.3199, to briefly regain the 1.
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