Platinum price continued forming sideways trading since yesterday, attempting to settle above $1080.00, affected by stochastic contradiction, which attempts to exit the overbought level as appears in the above image.

The price might continue forming sideways trading until gathering the required momentum, to ease the mission of recording extra gains by its rally to $1125.00, reaching the next main target near $1156.00, while facing new negative pressures will force it to delay the bullish rally, which forces it to suffer some losses by reaching $1068.00 and $1058.00 by reaching the suggested extra targets.

The expected trading range for today is between $1080.00 and $ 1125.00

Trend forecast: Bullish

The GBPJPY pair trading is weak, but the repeated stability above the moving average 55 at 192.25 and stochastic attempt to provide positive momentum, represent factors makes us keep the bullish suggestion, which might target the barrier at 194.60 initially, and surpassing it will make 195.65 be the next main target for the bullish trading.

Note that the risk of changing the bullish trend is represented by forming a strong decline, to settle below the main support at 191.30, which forces it to suffer big losses that might begin at 190.35.

The expected trading range for today is between 192.60 and 194.60

Trend forecast: Bullish

• The GBP/USD forecast turns positive, marking fresh 39-month top.
• The US dollar faces pressure due to mounting deficit concerns linked to Trump’s tax bill and coming up rate cuts.
• Technical outlook is bullish with the pair trading in ascending channel and nearing key resistance.

The GBP/USD forecast turns strongly bullish after a corrective pullback. The pair managed to breach the 39-month top amid favorable UK macroeconomic data and growing pressure on the US dollar.

–Are you interested in learning more about Canadian forex brokers? Check our detailed guide-

The British pound gains traction following stronger than expected UK retail sales data and persistent inflation. The indicators led to speculation that the Bank of England may pause rate cut in the June meeting, aiding to GBP demand.

On the other hand, the US dollar stays under notable selling pressure. Political and fiscal uncertainties around “One Beautiful Bill” endorsed by President Trump has thickened the concerns related to inflating fiscal deficit. According to Congressional Budget Office, the bill may widen the deficit by $3.8 trillion due to tax breaks.

On top of that, Moody downgraded the US credit rating from AAA to AA1, citing spiraling debt to GDP projections. Meanwhile, the Fed officials have shown cautious tone due to economic uncertainty stemming from tariffs and stagflation risks. The markets are increasingly pricing in rate cuts in 2025.

GBP/USD Key Events Ahead

Due to US and UK bank holiday, there is no significant economic data or event due today.

GBP/USD Technical Forecast: Rising Channel Aiming for 1.4000

The GBP/USD pair remains in a rising channel, indicating strong bullish momentum. The immediate resistance emerges at 1.3600 resistance level while eying 1.3960 – 1.4000 zone as a long-term target. The immediate support appears at 1.3500 psychological level ahead of 9-day EMA at 1.3428, lower band of rising channel at 1.3310.

–Are you interested in learning more about high leveraged brokers? Check our detailed guide-

The 14-day RSI is approaching 70 level which indicates overbought scenario. Hence, a short-term correction can occur. If the bulls fail to sustain above 1.3445, the trend could weaken and drag towards 1.3300 to 1.3100 area.

Looking to trade forex now? Invest at eToro!

68% 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.

May 26, 2025 – Written by Tim Boyer

STORY LINK Euro to Dollar Forecast for Week Ahead: EUR Pares Gains on USD Rebound

Morgan Stanley expects on-going dollar vulnerability with EUR/USD strengthening to 1.20 at the end of next year and 1.27 by the end of 2026.

BNP Paribas has downgraded its dollar outlook and forecasts that Euro to Dollar exchange rate (EUR/USD) gains to 1.18 by the end of 2025.

Credit Agricole notes the risks, but expects EUR/USD gains will be held to 1.14 with a 1.10 level by the end of next year.

Overall dollar confidence has dipped again with fears over budget trends, trade uncertainty and a rotation of assets away from US markets.

There was fresh market turbulence on Friday following President Trump’s threat to impose 50% tariffs on EU exports to the US from June 1st.

This would be much higher than the baseline tariff of 10% and substantially above the 20% tariff threatened in April.

ING noted that the threat could well be a blatant negotiating tactic to secure concessions from the EU.

ING did, however, warn over the potential impact; “Volatility is back. And just to be sure, if fully implemented, 50% US tariffs on European products would shave off some 0.6ppt of GDP growth and bring the eurozone economy close to recession territory. Needless to say, it would also increase stagflationary pressures in the US again.”

Bank of America commented; “we see US tariffs as bad for Europe, but worse for the US.”

Tellingly, although there would be notable costs to the Euro-Zone economy, the Euro recovered from lows and EUR/USD posted fresh gains to around 1.1365 while the dollar index dipped sharply to 3-week lows.

MUFG outlined another strand of dollar vulnerability; “At the same time, USD weakness has been driven by building speculation that the Trump administration is putting pressure on other countries to allow their currencies to strengthen against the USD as part of deals to prevent higher “reciprocal tariffs” from being implemented after 9th July deadline.”

According to Credit Agricole; “the USD could thus remain vulnerable if we see more evidence of persistent selling pressure in the US equity and FI markets.”

It added; “That being said, many negatives seem to be already in its price and potential indications today that the US PMIs have consolidated could help the USD stabilise. We also think that the US will not abandon its strong USD policy.”

The downgrading of the US credit rating from AAA undermined confidence early in the week and there were also underlying budget fears as the House of Representatives passed the budget Bill.

MUFG commented; “The loss of confidence in the USD and US policymaking reflects increased concerns over the fiscal outlook in the US.”

It added; “While the downgrade should have limited impact in forcing investors to adjust exposure to US Treasuries, it provides another timely reminder of the deteriorating US fiscal outlook which remains a structural headwind for the USD.”

According to Deutsche Bank; “At the core of our views in coming months is that the market is becoming increasingly driven by external asset positions, and this is putting combined downward pressure on US bond markets and the USD.”

Deutsche expects risk assets will be vulnerable; “The 2023-24 period saw a combined rise in US yields and equities as the market was revising US growth expectations higher. Today is very different. It is all a building fiscal risk premium into US assets. It is hard to make the case that such a (negative) driver of the rising cost of capital is positive for risk assets.

A key element, therefore, will be whether the dollar can secure defensive inflows.

According to Morgan Stanley this is doubtful; “The combination of elevated policy uncertainty, increased trade restrictions, and an immigration policy-driven decline in labor force growth leads to an underperformance of USD.”

The Euro-Zone recorded a huge current account surplus for the first quarter of 2025, illustrating structural strength.

BNP Paribas sees scope for capital inflows to the Euro area; “Our analysis suggests that eurozone investors are both overweight and underhedged the USD. As a result, we expect the EUR to be a key beneficiary of a potential switch out of US assets.”

Like this piece? Please share with your friends and colleagues:

International Money Transfer? Ask our resident FX expert a money transfer question or try John’s new, free, no-obligation personal service! ,where he helps every step of the way,
ensuring you get the best exchange rates on your currency requirements.

TAGS: Currency Predictions Euro Dollar Forecasts

• The Turkish Lira (TRY) against the US Dollar (USD/TRY) has experienced a sharp decline in recent trading, closing at 0.0256 after starting the week at 0.0371. This reflects a significant loss in the Lira’s value, with a change of -30.97%.
• technically, the daily trading ranged between a low of 0.0255 and a high of 0.0391.
• These substantial movements indicate a state of extreme volatility and instability in the Turkish foreign exchange market, necessitating a precise technical reading of what might unfold this week.

TRYUSD technical Analysis and Expectations Today:

The pair has undergone a powerful downtrend recently, marked by sharp red candlesticks and clear breaches of previous support levels, confirming a decidedly negative short-term trend. Furthermore, the rapid drop from 0.0391 to 0.0256 indicates a complete loss of positive momentum and increasing selling pressure on the Turkish Lira.

The price is currently trading below all major moving averages, reinforcing the bearish outlook for the pair. Momentum indicators (like the RSI) also show entry into oversold regions, opening the door for a potential temporary technical rebound towards nearby resistance levels. However, continued trading below 0.0300 maintains the negative outlook, with the possibility of testing new support levels unless monetary authorities intervene, or signs of imminent economic stability emerge.

Suggested Entry Points:

Bullish Entry Points:

• Entry: From 0.0255 – 0.0260 (if reversal signals appear)
• First Target: 0.0290
• Second Target: 0.0320
• Stop Loss: 0.0245

Bearish Entry Points:

• Entry: From 0.0300 – 0.0310 (if the price fails to break and hold above them)
• First Target: 0.0270
• Second Target: 0.0250
• Stop Loss: 0.0325

USD/TRY Trading Signals:

Given the sharp declines and the Lira’s loss of value, it’s advised not to risk large positions without clear confirmations, especially in the absence of internal economic stability. Speculators can capitalize on the current volatility with a short-term trading approach between support and resistance levels, while strictly adhering to capital management and stop-loss discipline.

TRYUSD Price Weekly Expectations:

Negative pressure on the Turkish Lira is likely to persist this week, unless there’s intervention from the Turkish Central Bank or the release of positive economic data supporting the currency. Moreover, the expected trading range will be between the 0.0245 support level and the nearby 0.0300 resistance. A break of current support could open the way to lower levels; while breaching resistance and holding above it might change the short-term direction and prepare the pair for a rebound towards 0.0340.

Tips for USD/TRY Traders:

Given the high volatility of the USD/TRY pair, traders should exercise caution and avoid emotional decisions. It’s crucial to follow economic and political developments in Turkey, especially those related to interest rate and inflation policies. Decisively, relying on a short-term trading strategy supported by strong technical signals and strict risk management is highly recommended.

Ready to trade our Forex daily analysis and predictions? Here are the best Turkish brokers to choose from.

The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends. Holding over 16 years of experience in global financial markets, and 4 B.A. level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using the most advanced methodology in the industry. Also, the DFX team is involved in generating technical analysis, signals, and trading strategies, with a consistent commitment to accuracy and transparency. Whether you’re a beginner or a professional trader, the DFX Team works to ensure you have the tools and insights you need to succeed as a trader in the retail CFD industry.

GBP/USD Forecast: Pound Sterling could correct lower before next leg higher

GBP/USD started the week on a bullish note and touched its highest level since February 2022 near 1.3600. The pair corrects lower in the European session and the technical outlook suggests that it remains overbought in the near term.

The US Dollar (USD) came under strong selling pressure on Friday and fuelled a decisive rally in GBP/USD heading into the weekend as United States (US) President Donald Trump threatened the European Union (EU) with 50% tariffs, noting that their discussions were going nowhere. Read more…

GBP/USD Elliott Wave technical analysis [Video]

The daily chart presents a distinctly bullish scenario for GBPUSD, showcasing strong impulsive characteristics in its current Elliott Wave configuration. This setup places the developing navy blue wave 3 within the broader gray wave 1, signaling the completion of the corrective navy blue wave 2 and the start of a potential long-lasting bullish impulse. This suggests GBPUSD has entered the most aggressive stage of its upward cycle. Read more…

GBP/USD Weekly Forecast: Next on the upside emerges the 2022 peaks

The British Pound held a firm tone throughout the week, pushing GBP/USD beyond the 1.3500 mark on Friday, territory last seen in late February 2022.

Sterling’s advance was driven largely by sustained pressure on the US Dollar (USD), which accelerated in the latter part of the week following President Donald Trump’s threat to impose 50% tariffs on European Union (EU) imports. Read more…

• US President Donald Trump’s trade war and tax cut bill fueled concerns about economic health.
• European business output shrank more than anticipated in May, limiting EUR gains.
• EUR/USD resumes its long-term bullish run, with higher highs in sight.

The EUR/USD pair trades near a weekly high of 1.1365 ahead of the close, as the US Dollar (USD) remains pressured by political and fiscal headlines. The Euro (EUR) surged on broad USD dumping, but tepid local data limited the advance.

Trade war and tax bill

Trade tensions somehow returned amid the lack of progress in negotiations and fresh tensions between the United States (US) and China. Both countries agreed on a 90-day truce and reduced massive retaliatory tariffs a couple of weeks ago, boosting the market’s optimism. However, things deteriorated after the US issued an industry warning against using Chinese chips, targeting the Asian giant Huawei. By the end of the week, Washington and Beijing agreed to maintain communication, but optimism among investors faded.

Tensions also arose between the US and Japan, as the latter is unwilling to fulfil US demands. Furthermore, the Japanese government made it clear that there is no use for an agreement unless Washington eliminates tariffs, particularly a 25% levy on autos and car parts. Talks seem to have stalled after Japan’s top trade negotiator Ryosei Akazawa noted Japan will not rush to seal a trade deal if that puts the country’s interests at risk.

Adding fuel to the fire, Trump pledged a straight 50% tariffs on European Union (EU) imports starting June 1st. Through a Truth Social post on Friday, Trump claimed trade talks with the EU are going nowhere, and once again repeated that the sole purpose of the European Union was “to take advantage of the US on trade.”

But it’s not all about the trade war. US President Donald Trump is now focused on his ‘One Big Beautiful Bill Act’, a major bill aimed at reshuffling taxes and government spending. Tax cuts within the bill for individuals and corporations are expected to increase the country’s outstanding debt by between $3 and $5 billion, fueling concerns about the US economic health. The bill passed the House of Representatives on Thursday by a slim margin and now moves to the Senate, which will discuss it in the upcoming days.

Data played against EUR/USD advance

S&P Global and the Hamburg Commercial Bank (HCOB) released the preliminary estimates of the May Purchasing Managers’ Index (PMI) for both economies. The surveys showed a steeper downturn in European businesses as new orders continued to decrease. A sharp contraction in services output led the way lower, with the German index falling to 47.2, a 30-month low from the previous 49, and the Eurozone (EU) one posting 48.9, down from 50.1 in April. A modest uptick in manufacturing was not enough to compensate for the slide, resulting in the EU Composite PMI shrinking to 49.5 from the previous 50.4.

US figures, on the other hand, were upbeat. Manufacturing output improved to 52.3 from 50.2 in April, while the Services PMI rose to 52.3 from 50.8 in the same period. As a result, the Composite PMI surged to 52.1 after posting 50.6 in April, a two-month high. Still, the figures were just enough to help EUR/USD correct lower before it resumed its advance.

Finally, Germany released the IFO Survey, showing a modest uptick in Business Climate, up to 87.5 in May from the 86.9 posted in April. Expectations improved to 88.9, although the assessment of the current situation missed expectations and printed at 86.1.

Additionally, European Central Bank (ECB) President Christine Lagarde hit the wires on Friday and warned international trade will be “changed forever” by trade-related tensions triggered by the US decision to impose tariffs on most major trading partners.

“Warned that international trade will be changed forever by the tensions over tariffs,” Lagarde added, before noting countries need to question the links of dependency they have with each other and with the US.

The macroeconomic calendar will include some interesting events in the upcoming days. The US Federal Open Market Committee (FOMC) will release the Minutes of the latest meeting on Wednesday, while a revision of the US Q1 Gross Domestic Product (GDP) will be out on Thursday.

The focus will shift to Germany on Friday, as the country will release April Retail Sales and the preliminary estimate of the May Harmonized Index of Consumer Prices (HICP). Also on Friday, the US will publish April Personal Consumption Expenditures (PCE) Price Index figures, the Federal Reserve’s (Fed) favorite inflation gauge.

EUR/USD technical outlook

From a technical point of view, the risk skews to the upside. The weekly chart for the EUR/USD pair shows it reversed its losing streak and resumed its advance after correcting overbought conditions. The pair trades well above all its moving averages, with a firmly bullish 20 Simple Moving Average (SMA) crossing above directionless and converging 100 and 200 SMAs, all gathering around 1.0830. Technical indicators, in the meantime, turned neutral to marginally bullish well above their midlines, suggesting higher highs are likely in the upcoming days.

The EUR/USD pair is neutral-to-bullish according to technical readings in the daily chart. The pair broke above a now flat 20 SMA at around 1.1270, which attracted buyers for three days in a row. At the same time, the 100 SMA is about to cross above the 200 SMA, far below the short one, still supporting an upward run. Finally, the Momentum indicator hovers directionless around its midline, while the Relative Strength Index (RSI) indicator aims north at around 57, resuming its advance.

A break through the weekly high exposes the 1.1460 price zone, while the next relevant level to watch is the year high at 1.1573. Below the 1.1270 area, on the other hand, the pair has room to fall towards the 1.1160 region, while below the latter, the next relevant support level is May’s low at 1.1064.

Platinum price reached the initial extra target at $1100.00, to begin providing sideways trading, due to its neediness to the positive momentum by the stochastic attempt to exit the overbought level.

The suggested scenario depends on the stability of $1080.00 level, which represents the extra support, the stability of the support will increase the chances for renewing the bullish attempts, which might target $1125.00 level, while reaching below this support will increase the chances for renewing the bullish attempts, targeting $1125.00, while reaching below the support will delay the bullish rally, and there is a chance for forming correctional trading, which might target $1068.00 and $1060.00 level.

The expected trading range for today is between $1080.00 and $1125.00

Trend forecast: Bullish

Platinum price reached the initial extra target at $1100.00, to begin providing sideways trading, due to its neediness to the positive momentum by the stochastic attempt to exit the overbought level.

The suggested scenario depends on the stability of $1080.00 level, which represents the extra support, the stability of the support will increase the chances for renewing the bullish attempts, which might target $1125.00 level, while reaching below this support will increase the chances for renewing the bullish attempts, targeting $1125.00, while reaching below the support will delay the bullish rally, and there is a chance for forming correctional trading, which might target $1068.00 and $1060.00 level.

The expected trading range for today is between $1080.00 and $1125.00

Trend forecast: Bullish

• The Pound Sterling extends its march north past 1.3500 vs. the US Dollar.
• GBP/USD navigates its fourth consecutive month of gains.
• UK inflation rose more than expected in April, lifting eyebrows at the BoE.

The British Pound held a firm tone throughout the week, pushing GBP/USD beyond the 1.3500 mark on Friday, territory last seen in late February 2022.

Sterling’s advance was driven largely by sustained pressure on the US Dollar (USD), which accelerated in the latter part of the week following President Donald Trump’s threat to impose 50% tariffs on European Union (EU) imports.

Adding to the bullish backdrop, UK 10-year gilt yields climbed to multi-week highs above 4.80% earlier in the week, though they later gave back some of those gains.

Data seems to underpin a BoE pause

Auspicious results from UK fundamentals highlighted the positive momentum the domestic economy appears to have walked into, at the same time prompting the “Old Lady” to maintain a prudent stance when it comes to deciding on future policy rates moves.

On the above, preliminary UK GDP figures surprised to the upside after showing the economy is expected to have expanded 0.7% QoQ in the January-March period, and 1.3% over the last 12 months.

Regarding the UK labour market, despite the jobless rate ticking higher by 0.1% in March, Average Earnings including Bonus, a proxy for inflation, rose more than expected, while the Claimant Count Change rose to just above 5K individuals.

In addition, UK inflation data was a big surprise this week, after the Consumer Price Index (CPI) rose more than initially estimated in April. While headline inflation gained 3.5% from a year earlier, core inflation advanced 3.8% on a yearly basis.

Following the data release, interest rate futures indicated that investors were pricing in roughly 37 basis points of rate cuts by the BoE by the end of 2025.

Tariff relief propped up the British Pound

There were a couple of news stories that have shaken the trade front in the past few weeks. Indeed, the White House announced a trade truce with China while announcing a trade agreement with the United Kingdom (UK).

The newly announced US-UK trade deal saw Britain remove its 20% retaliatory tariff on US beef, starting May 8, 2025, and introduce new tariff-free quotas for American beef and 1.4 billion litres of US ethanol. In return, the US has agreed to allow up to 100K UK-made vehicles to enter the US at a reduced 10% tariff.

The deal also sets the stage for further negotiations on quotas for UK steel and aluminium exports, while discussions will continue on broader issues including rules of origin, pharmaceuticals, digital trade, financial services and agriculture.

MPC does look cautious

So far this week, Chief Economist Huw Pill said that he believed a quarterly pace of interest rate cuts would have been too rapid given the current inflation outlook. However, he suggested that his decision earlier this month to vote for holding rates steady was likely to be just “a skip” rather than a change in direction.

What’s next on the UK docket

A light UK calendar next week should prompt investors to steer away from the domestic calendar and closely follow developments on the trade front as well as US Dollar dynamics.

GBP/USD: Technical landscape

Pablo Piovano, Senior Analyst at FX Street, notes: “If bullish momentum gathers pace, GBP/USD could attempt to revisit the 2025 high at 1.3533 (May 23). Beyond that, Cable may target the February 2022 top at 1.3643 (February 10), ahead of the 2022 peak at 1.3748 (January 13).”

Piovano added that initial support is seen at the May low of 1.3139 (May 12), which appears reinforced by the provisional 55-day SMA at 1.3140. A more substantial retreat could bring the key 200-day SMA at 1.2882 into play.

Momentum indicators seem to suggest that further gains should appear in the pipeline: The Relative Strength Index (RSI) rose past the 64 level, while the Average Directional Index (ADX) at nearly 28 indicates a moderately strong trend, Piovano concludes.