GBP/USD Weekly Forecast: British Pound defends 200-day SMA, but for how long?
The British Pound (GBP) reversed course and posted a weekly loss against the US Dollar (USD), with 1.3500 remaining a tough nut to crack for buyers.

The British Pound (GBP) reversed course and posted a weekly loss against the US Dollar (USD), with 1.3500 remaining a tough nut to crack for buyers.
Gold (XAU/USD) dropped to its lowest level in two months but managed to erase a large portion of its weekly losses.
The USD/JPY exchange rate at 160 represents the most dangerous level in the foreign exchange market, serving as a critical political and economic threshold where Japanese authorities have repeatedly stepped in to halt the currency’s decline.
Gold is struggling to extend the previous rebound from two-month lows of $4,367 early Friday, challenging offers once again above $4,500, while on track to book another weekly loss.
The US Dollar (USD) changed course early in the American session on Thursday after reaching a fresh multi-week high. The USD index (DXY) briefly traded above 99.50 at the start of the day and is now struggling to hold the 99 mark amid a drastic shift in market sentiment.
For a brief moment in 2021, Rhodium became one of the hottest assets on the planet.