
British Pound Technical Outlook: GBP/USD Rebound Challenges September Downtrend
Sterling has rallied sharply from key support, with GBP/USD at an inflection point that could determine whether a larger recovery is underway.
Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.

Sterling has rallied sharply from key support, with GBP/USD at an inflection point that could determine whether a larger recovery is underway.

Sterling has slipped below its 200-day moving average as downside momentum carries GBP/USD toward another major technical support zone.

Sterling selling has intensified after the September range broke lower, with GBP/USD now confronting a major Fibonacci support zone.

GBP/USD is locked within a tight technical range, with the Fed and BoE decisions poised to provide the catalyst for the next major move.

The Sterling rally remains firmly intact, but stretched momentum is raising the risk of a near-term inflection as the bulls test resistance.

Learn about the 10 most traded currencies like the dollar, euro and yen and learn why forex traders prefer trading these major currencies
The British pound has been used as England’s central currency for over a thousand years. Read about its evolution from a coin literally weighing one pound to the banknotes common today. We also rank the next three oldest major currencies: the yen, ruble and dollar.