British Pound Technical Outlook: GBP/USD Rally Enters Critical Zone
Sterling has set the weekly opening range just below pivotal resistance and the May recovery hinges on a reaction off this zone. NFPs on tap.
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British Pound Technical Outlook: GBP/USD Multi-Timeframe Analysis
Michael Boutros, FOREX.com Senior Market Analyst, examines the British pound outlook as GBP/USD approaches a major resistance zone following three consecutive weeks of gains. He highlights key technical levels that could determine whether the broader uptrend resumes, while explaining why upcoming U.S. Non-Farm Payrolls and inflation data may prove decisive for the next move in the dollar and sterling.
This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of Forex.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by FOREX.com.
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--- Written by Michael Boutros, Senior Technical Strategist
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