
GBP/USD Forex Signal: Double Top Pattern Forms – 20 August 2025
The GBP/USD exchange rate retreated after the US published mixed housing starts and building permits data on Tuesday.
The GBP/USD exchange rate retreated after the US published mixed housing starts and building permits data on Tuesday.
Bitcoin price pulled back as investors embraced a risk-off sentiment in the market.
EUR/USD trades sideways near 1.1645, with an inverse head and shoulders pattern pointing to a bullish breakout toward 1.1835 unless 1.1600 support breaks.
Silver prices consolidate around $37.50 support, with the 50-day EMA holding firm and a breakout above $39 likely to fuel bullish momentum toward $40.
Gold prices remain quiet but bullish as support holds above $3300, with traders awaiting Powell’s tone at Jackson Hole for the next big move.
Natural gas prices threaten a $2.75 breakdown as weak seasonal demand fuels bearish pressure, with traders eyeing $2.50 as the next key target.