Free Forex Signals

GBPUSD sliced through some crucial support levels this week, erasing all its gains for the year. The pair rebounded off the 1.3410 support region, but there’s a series of lower highs and lower lows forming since early June. Indeed, the 50-day moving average (MA) has also crossed below the 200-day one, forming a ‘death cross’. All this points to a downtrend. The short-term oscillators are mixed, with the RSI reflecting the latest rebound in the price action but the MACD staying firmly negative and below its red trigger line. 

If sellers remain in control and manage to pierce below the 1.3410 barrier, their next target could be the 1.3310 zone, marked by the lows in late December. If that’s violated too, the focus would then turn towards the 1.3185 area. Now in case buyers retake the reins, the first test to the upside would be the 1.3600 hurdle, which acted as support in recent months and may now provide resistance. A potential break above it could open the door for the 1.3750 neighborhood, which also encompasses the 50-day MA. In short, the latest breaks have turned the picture bearish. A move below 1.3410 would reinforce the negative outlook.

This post first appeared here

Get upto 5000 US dollars if you trade with XM

• Gold Price Forecast: XAU/USD set to remain volatile, but within range amid Mideast uncertaintyJune 2, 2026
  Gold is nursing losses below $4,500 early Tuesday after correcting over 1% from two-week highs of $4,595 set on Monday. Gold struggles amid Mideast tensions Despite the recent pullback, Gold remains stuck within a familiar… Read more: Gold Price Forecast: XAU/USD set to remain volatile, but within range amid Mideast uncertainty
• Gold Price Forecast: XAU/USD set to remain volatile, but within range amid Mideast uncertaintyJune 2, 2026
  Gold is nursing losses below $4,500 early Tuesday after correcting over 1% from two-week highs of $4,595 set on Monday. Gold struggles amid Mideast tensions Despite the recent pullback, Gold remains stuck within a familiar… Read more: Gold Price Forecast: XAU/USD set to remain volatile, but within range amid Mideast uncertainty
• GBP/JPY Price Forecast: British Pound breaks above 215.00, nearing intervention levelsJune 2, 2026
  The British Pound (GBP) keeps marching higher against an ailing Japanese Yen (JPY) on Tuesday. The pair has surpassed the 215.00 line for the first time since April 30, with the USD/JPY reaching levels right… Read more: GBP/JPY Price Forecast: British Pound breaks above 215.00, nearing intervention levels
• British Pound holds firm as US-Iran tensions boost GreenbackJune 1, 2026
  The Pound Sterling steadies on Monday as speculation of a peace deal between the US and Iran fades, following weekend exchanges of fire that are a headwind for GBP/USD, which trades near 1.3445 at the… Read more: British Pound holds firm as US-Iran tensions boost Greenback
• Euro: Range-bound risks with upside caps against US Dollar.June 1, 2026
  Rabobank’s Senior FX Strategist Jane Foley expects EUR/USD to stay largely range-bound near key moving averages as markets await clarity on a potential US-Iran deal and US data that could shift Federal Reserve (Fed) expectations.… Read more: Euro: Range-bound risks with upside caps against US Dollar.