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Attention is turning to the upside potential of the GBP/USD pair, which has rebounded from its year-to-date low

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Attention is turning to the upside potential of the GBP/USD pair, which has rebounded from its year-to-date low

01.04.2026

Today's Highlights
  1. Hao・Residential Construction Permit
  2. U.S. ISM Manufacturing Index

In yesterday’s U.S. currency trading, the U.S. dollar fell against the euro. The EUR/USD pair rose from 1.1447 to 1.1563. The price extended along the +2σ line of the hourly Bollinger Bands to the 200-day SMA. On the 4-hour chart, the price has surged to the +2σ line of the Bollinger Bands, while on the daily chart, it is currently recovering from near last month’s low.

Among European currencies, the pound rose against the U.S. dollar. The GBP/USD pair climbed from 1.3159 to 1.3264. On the hourly chart, the price has moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the RSI has recovered from 25 to 46, and on the daily chart, the pair has staged a sharp recovery from its year-to-date low. Given that the pound is trending higher during today’s Asian trading session, it will be worth watching whether it gains further momentum during U.S. trading hours.

Today’s economic indicators include New Zealand housing permits at 6:45, the Bank of Japan’s Tankan survey at 8:50, Australian housing permits at 9:30,4:55 PM: Germany Manufacturing PMI, 5:00 PM: Eurozone Manufacturing PMI, 5:30 PM: UK Manufacturing PMI, 6:00 PM: Eurozone Employment Statistics, 8:00 PM: US MBA Mortgage Applications Index, 9:15 PM: US ADP Employment Report, 9:30 PM: US Retail Sales, 10:05 PM: US Musalem:St. Louis Fed President Musalem, 10:10 PM: US Fed Governor Barr’s remarks, 10:45 PM: US PMI Purchasing Managers’ Index, 11:00 PM: US Business Inventories, US ISM Manufacturing Index, US Building Permits, and 11:30 PM: US Weekly Crude Oil Inventories. We will be watching for upside potential in the GBP/USD pair, which has recovered from its year-to-date low.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has focused primarily on foreign exchange trading and also has experience as an investment advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous article

All eyes are on whether the Canadian dollar, which has fallen against the yen, will continue to slide lower

Next Article

Will the euro, which has risen against the yen, hold onto its gains? Or will we wait and see how it moves during U.S. trading hours?

Past Market Reports

  1. 17.04.2026New

    Will the market wait and see how much further the U.S. dollar can rise against the yen?

  2. 16.04.2026New

    Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

  3. 15.04.2026New

    Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

  4. 14.04.2026New

    Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

  5. 13.04.2026New

    Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

  6. 10.04.2026

    Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

  7. 09.04.2026

    Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

  8. 08.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

  9. 07.04.2026

    Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

  10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed

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