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If the market breaks below 1.1680, it will open the potential for the decline to continue towards 1.1555, where key support of the current range is located. You’ll receive regular updates, daily market forecasts and weekly analysis that will help you achieve your trading goals today and in the future. Our content contains in-depth expert analysis and forecasts for various financial markets, including currencies, commodities, indices and stocks. Here you will find many daily analytical articles and long reads featuring foreign exchange (Forex) forecasts that will help you develop reliable trading strategies and improve the understanding of current and emerging market trends. We will apply technical analysis, take into account the opinions of leading experts, large banks, and financial institutions, and study AI-based forecasts. The GBPUSD forecast for today, 28 January 2026, remains favourable for the pound, as prices still have strong potential for further growth after a minor correction.
Whether you are looking for today’s market outlook or planning the coming week, our forecasts and analysis will help you to be up front. We offer both daily and weekly forecasts and technical analysis, providing you with access to the most up-to-date information. Welcome to your resource about finances where you will find an expert analysis of the constantly changing market landscape, as well as the latest news from the global financial markets.
Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. In the UK, inflation re-accelerated as CPI rose 3.4% YoY in December (from 3.2%), which typically reduces the market’s confidence in rapid BoE easing and helped GBP on the day by lifting front-end UK yields. Currency trading on margin involves high risk, and is not suitable for all investors. The British pound has been pretty choppy during the Monday session as we continue to hover around the 1.35 level.
- EUR/USD is trading near $1.1854, consolidating after a sharp upside move that stalled just below the $1.1895–$1.1900 resistance zone.
- Here is a detailed daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD, and Brent for 28 January 2026.
- 75.85% of retail investor accounts lose money when trading CFDs with this provider.
- You should consider whether you can afford to take the high risk of losing your money.
- After the breakout, prices received confirmed support from above and continued an impulsive growth wave.
- When trading or investing, you must always take into consideration the level of your experience.
- USD/JPY usually has a positive correlation with other pairs like USD/CHF and USD/CAD, as all three use the US Dollar as the base currency.
Inflation risks remain elevated, limiting the scope for easing and supporting the pound. The pound sterling shows resilience amid a weakening US dollar, driven by rising uncertainty around US fiscal policy and discussions of a possible coinmama exchange review partial federal government shutdown. Consolidation above this level will strengthen the bullish momentum and allow the market to consider further extension of the move.
Brent technical analysis
The result is a price corridor, usually enveloping the weekly close price from above and below, and serves as a measure of volatility. By displaying three central tendency measures (mean, median, and mode), you can know if the average forecast is being skewed by any outlier among the poll participants. Each participant’s bias is calculated automatically based on the week’s close price and recent volatility. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted.
Gold buying remains unabated amid safe-haven flows; $5,300 in sight ahead of Fed
Tense relations between the US and its allies are pushing investors to seek safer options beyond the dollar. Another factor putting pressure on the US dollar is that some countries are moving away from US assets. The price is still above the rising trendline and remains within the upward channel that began near $1.1679. Recent candles are small with mixed wicks, which suggests the market is consolidating.
XAUUSD technical analysis
The base currency is picked from the left column, while the quote currency is picked from the top row. An additional signal in favor of the British Pound’s rise would be a test of the support line on the relative strength indicator (RSI). A second signal for an upside will be a rebound from the lower boundary of the bullish channel. An additional signal for the pair’s upside will be a test of the trend line on the relative strength indicator (RSI).
Oil, BoC, and US tariffs: a perfect storm for a USDCAD decline
For the latest updates and forecasts on GBP/USD, consult reliable sources and market analysis reports to make informed trading decisions The most active trading sessions for the GBP/USD currency pair occur in London and New York, with some activity during Asian markets from 2400 GMT to 0900 GMT.. Our experts make a GBP/USD update forecasting the possible moves of the pound-dollar pair during the whole year.
A weaker dollar is beneficial for President Donald Trump, as it supports stronger competitiveness against Chinese manufacturers. Considering recent comments from Fed officials, US economic data, and prevailing market sentiment, there is a high probability that the rate will remain unchanged. The USD Index (DXY), which tracks the Greenback against a basket of currencies, fell to a four-month low on Monday and offers some support to the GBP/USD pair. Dips could remain contained while price respects the rising short-term average, with the broader trend supported by the medium-term EMA.
DE 40 forecast: the index tested support, but the uptrend remains intact
- This article provides the EURUSD forecast for 2026 and 2027 and highlights the main factors determining the direction of the pair’s movements.
- Currency trading on margin involves high risk, and is not suitable for all investors.
- The $1.3507 (0.618) level aligns with trendline support, making it a critical zone for maintaining bullish momentum.
- RoboForex has implemented a Civil Liability insurance program for a limit of 2,500,000 EUR, which includes market-leading coverage against omissions, fraud, errors, negligence, and other risks that may lead to financial losses of clients.
- The bigger a bubble on the chart means more participants targeting a certain price level in that particular time horizon.
- A 5 year forecast for the GBP to USD Exchange Rate and similar economic series is available by subscription.
This would open up potential for growth towards 1.3920, although this scenario is currently considered less likely. The current momentum phase is aimed at reaching the key target level at 1.3698, where partial profit-taking and a slowdown in the downward move are expected. Overall, the fundamental backdrop for the current week is moderately bearish for the pair. The BoC maintains a more neutral tone, which reduces the USD risk premium and boosts corrective pressure in the USDCAD pair. The Canadian dollar retains relative resilience amid stabilising oil prices and reduced demand for safe-haven assets. The market continues to factor in the Fed’s hawkish rhetoric and uncertainty around the future path of US interest rates.
Track GBP to USD trends and 2026–2027 forecasts, with insights into key drivers shaping the exchange rate. The forecast is also based on interest rates, commodity prices and economic indicators. This forecast is produced based on prior values of the GBP/USD along with other currency exchange rates. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. The British pound strengthened against the US dollar on Monday, but GBP/USD beaxy exchange review is nearing major resistance where the rally may pause unless broader dollar selling accelerates.
Four companies are set to decide the direction of the stock market this week, with guidance – not headline earnings – likely determining whether the AI rally continues or cracks. The Bank of Canada is widely expected to leave its benchmark rate unchanged at 2.25% at Wednesday’s meeting, extending the pause it signalled back in December. All eyes will be on the US Federal Reserve interest rate decision due later on Wednesday. The pair retraces from a five-year high amid renewed US Dollar demand.
RSI has eased slightly from overbought levels but remains near 65, consistent with a healthy pause. Fibonacci retracement of the $1.3400–$1.3680 rally highlights first support at $1.3615 (0.236), followed broker liteforex by $1.3573 (0.382) and $1.3540 (0.5). Unless DXY reclaims $97.70, any rebound is likely corrective, keeping downside risks dominant in the near term. Price has also slipped under the $97.70–$97.80 support zone and the 50-day moving average, confirming a bearish momentum shift. The Fed is widely expected to keep interest rates unchanged in the range of 3.50%-3.75%. On the domestic front, the focus remains on the Federal Reserve’s policy announcement scheduled for Wednesday.
The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. (The technical analysis of this story was written with the help of an AI tool.) In the daily chart, GBP/USD holds well above the rising 100-day EMA at 1.3385, maintaining a firm bullish bias.
The British pound extends gains against the US dollar, with 1.35 acting as a key pivot and upside toward 1.37 if dollar weakness continues. Despite a weaker-than-expected US jobs report, the British pound failed to rally, with GBP/USD hovering near key support and signaling possible downside toward 1.32. The British pound fell against the US dollar, signaling a potential topping pattern as dollar strength persists and downside targets emerge near 1.32. The British pound rebounded from a gap lower on Monday amid thin US holiday trading, with attention now turning to key UK data and resistance near 1.35. The EUR/USD is one of the most widely traded currency pairs in the Forex market, where the Euro serves as the base currency and the US Dollar as the counter currency. It also determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth.