Select Language

GBP/USD Price Forecast: Rises to near 1.3450, eyes nine-day EMA barrier

Breaking news

GBP/USD Price Forecast: Rises to near 1.3450, eyes nine-day EMA barrier

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
update 2025.09.29 14:46
GBP/USD Price Forecast: Rises to near 1.3450, eyes nine-day EMA barrier

update 2025.09.29 14:46

  • GBP/USD may find its initial support at the monthly low at 1.3333.
  • The 14-day RSI remains below 50, supporting the ongoing bearish bias.
  • The primary barrier appears at the nine-day EMA of 1.3463.

GBP/USD gains ground for the second consecutive session, trading around 1.3440 during the Asian hours on Monday. The short-term price momentum is weaker as the daily chart's technical analysis shows that the pair remains below the nine-day Exponential Moving Average (EMA).

Additionally, the 14-day Relative Strength Index (RSI) remains below the 50 level, indicating a bearish bias is active.

The GBP/USD pair is testing its primary support at the monthly low at 1.3333, recorded on September 3. A break below this level would strengthen the bearish bias and put downward pressure on the pair to navigate the region around the five-month low of 1.3141, which was reached on May 12.

On the upside, the GBP/USD pair may target the initial barrier at the nine-day EMA of 1.3463, followed by the 50-day EMA at 1.3482.

A break above the 50-day EMA would improve the short- and medium-term price momentum and support the pair to explore the region around the two-month high of 1.3726, reached on September 17, followed by the 1.3788, the highest since October 2021, which was recorded on July 1.

GBP/USD: Daily Chart

Pound Sterling Price Today

The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the US Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.20% -0.32% -0.40% -0.10% -0.30% -0.03% -0.18%
EUR 0.20% -0.13% -0.38% 0.09% -0.10% 0.16% 0.00%
GBP 0.32% 0.13% -0.14% 0.23% -0.03% 0.29% 0.14%
JPY 0.40% 0.38% 0.14% 0.36% 0.15% 0.26% 0.29%
CAD 0.10% -0.09% -0.23% -0.36% -0.17% 0.06% -0.09%
AUD 0.30% 0.10% 0.03% -0.15% 0.17% 0.26% 0.11%
NZD 0.03% -0.16% -0.29% -0.26% -0.06% -0.26% 0.00%
CHF 0.18% -0.01% -0.14% -0.29% 0.09% -0.11% -0.01%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).


Date

Created

 : 2025.09.29

Update

Last updated

 : 2025.09.29

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

GBP/USD slips below 1.3350 as traders adopt caution due to US data blackout

GBP/USD extends its losing streak for the fifth consecutive day, trading around 1.3340 during the Asian hours on Thursday.
New
update2025.10.23 14:08

USD/INR ticks higher as US Dollar rebounds despite ongoing US-China trade tensions

The Indian Rupee (INR) opens on a slightly cautious note against the US Dollar (USD) on Thursday after two holidays in Indian markets.
New
update2025.10.23 13:54

EUR/JPY softens below 1.1600 as the EU imposes new sanctions on Russia

The EUR/JPY cross loses ground to near 1.1590 during the Asian trading hours on Thursday.
New
update2025.10.23 13:39

India Gold price today: Gold falls, according to FXStreet data

Gold prices fell in India on Thursday, according to data compiled by FXStreet.
New
update2025.10.23 13:35

USD/JPY gains near 152.50 as traders expect Takaichi to back accommodative policies

USD/JPY extends its gains for the fifth successive session, trading around 152.50 during the Asian hours on Thursday.
New
update2025.10.23 13:19

Silver Price Forecast: XAG/USD moves above $48.50 due to increased safe-haven demand

Silver price (XAG/USD) edges higher after two days of losses, trading around $48.70 per troy ounce during the Asian hours on Thursday.
New
update2025.10.23 12:42

Gold tumbles as traders book profits ahead of key US inflation data 

Gold price (XAU/USD) edges lower below $4,100 during the early Asian trading hours on Thursday. The precious metal has faced a sharp sell-off in the previous sessions on easing tensions between the United States (US) and China.
New
update2025.10.23 11:41

US mulls curbs on exports to China made with US software -- Reuters

The White House is considering a plan to curb an array of software-powered exports to China, from laptops to jet engines, to retaliate against Beijing's latest round of rare earth export restrictions, Reuters reported late Wednesday. 
New
update2025.10.23 11:38

US Dollar Index hovers around 99.00 due to potential for US-China trade deal

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after recovering recent losses from the previous session and trading around 99.00 during the Asian hours on Thursday.
New
update2025.10.23 11:19

Australian Dollar gains following Trump's upbeat comments on potential deals with China

The Australian Dollar (AUD) advances against the US Dollar (USD) on Thursday after US President Donald Trump said that he thinks something will work out with China in a meeting scheduled with China's Xi Jinping in South Korea.
New
update2025.10.23 10:44

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel