GBP/USD Forecast: US Rate Volatility Pressures Pound Toward Key Support Levels – 18 May 2026
GBP/USD remains under pressure as US yields support the dollar, but the pair may try to build a base if rates begin to ease.

GBP/USD remains under pressure as US yields support the dollar, but the pair may try to build a base if rates begin to ease.
EUR/USD is under pressure as rising yields and energy-related risks weigh on the euro, with rallies likely to face selling unless the pair reclaims momentum.
USD/JPY remains bullish as rising US yields support the dollar, with dips toward 158 viewed as buying opportunities targeting 160.
WTI crude oil remains headline-driven and volatile, with $100 acting as short-term resistance and the 50-day EMA near $93.50 offering key support.
Bitcoin is struggling at the 200-day EMA as higher US yields weigh on risk appetite, but strong ETF inflows keep the broader bullish recovery alive.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, starts the week on a positive note, as oil prices extend its advance due to fears that the war between the United States (US) and Iran will resume.