GBP/USD Forex Signal: Slips Below Key Support Ahead of Key Macro Data – 12 January 2026
GBP/USD has broken below key support at 1.3400, with macro data from the US and UK likely to determine whether the pair hits 1.3185 or rebounds.

GBP/USD has broken below key support at 1.3400, with macro data from the US and UK likely to determine whether the pair hits 1.3185 or rebounds.
EUR/USD has formed a bearish head and shoulders pattern as traders brace for U.S. inflation data and a pivotal SCOTUS tariff decision.
EUR/USD jumped to levels above 1.1680 after bouncing from one-month lows near 1.1620 during the Asian session on Monday.
The Pound Sterling (GBP) witnessed a steep correction against the US Dollar (USD), sending GBP/USD down from four-month highs of 1.3568 to test the weekly low near 1.3400.
The EUR/USD pair started the new year with a soft tone, falling for a second consecutive week to settle around 1.1640, its lowest in a month. The US Dollar (USD) stands victorious across the FX board, backed by geopolitical uncertainty and pretty solid United States (US) employment data.
Gold is holding its profit-taking pullback from fresh record highs just above $4,600 on Monday, starting the week with a bang, courtesy of escalating geopolitical tensions and intensifying concerns over the US Federal Reserve’s (Fed) independence, which both induce a full-fledged risk-off environmen