GBPUSD Faces Resistance Near 1.3750 Amid USD Strength: Key Technical & Fundamental Analysis
Over the past three trading days, GBPUSD has shown notable volatility, retreating from a high of 1.38142 to close yesterday at 1.37526, indicating increased short-term selling pressure. The US Senate’s passage of a spending deal to avoid a government shutdown alongside the Federal Reserve’s decision to hold interest rates steady bolstered the US Dollar, putting downward pressure on GBPUSD. This news-driven price action highlights the market’s sensitivity to US policy clarity and USD strength. For the average investor, it means the pair is navigating a delicate balance of macroeconomic policy developments and currency momentum, requiring caution amid short-term downside risks.

