GBP/USD Price Forecast: At make or a break near 1.3600

💡 DMK Insight

GBP/USD is showing resilience, but here’s why that matters right now: Despite being down 0.23% near 1.3600, the pair’s recovery from early losses signals potential volatility ahead. Traders should keep an eye on macroeconomic indicators, particularly any shifts in UK economic data or US Federal Reserve announcements, as these could influence the pair’s direction. If GBP/USD can break above 1.3650, it might trigger a bullish sentiment, but failure to hold above 1.3550 could lead to further declines. The broader market context suggests that any signs of weakness in the US dollar or strength in UK economic performance could provide a catalyst for a more sustained recovery. Watch for key economic releases this week that could impact sentiment, especially around inflation and employment figures. On the flip side, if the pair fails to maintain its current levels, it could signal a bearish trend, especially if market participants start to favor safe-haven currencies amid geopolitical tensions. Keep an eye on the daily chart for any emerging patterns that could indicate a reversal or continuation of the current trend.