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GBP/USD: Pound Hits Its Lowest Level in the Last Three MonthsThe GBP/USD pair has posted two consecutive sessions of losses, maintaining a clear bearish bias and recording a decline of more than 1.2% against the British pound in the short term. Selling pressure has intensified following the U.S. Federal Reserve’s interest rate decision, where policymakers noted that an additional rate cut in December is not yet fully confirmed. This has triggered temporary demand for the U.S. dollar, causing the pound to lose ground. As long as this sentiment persists, downward pressure could continue to strengthen in the coming sessions. A New Downtrend Emerges Since late June, the GBP/USD pair has been recording progressively lower highs, suggesting the formation of a new bearish trendline. With the pound’s recent weakness, the price has even broken below the 200-period moving average, signaling a structural shift that could pave the way for a more pronounced selling trend in the short term. If bearish pressure remains steady, the descending trendline could become more aggressive, targeting levels not seen in several months. RSI The RSI line remains below the neutral 50 level, reflecting a dominance of bearish momentum over the past 14 sessions and a consistent selling bias. This behavior supports the potential for a sustained bearish trend in the short term. However, the indicator is gradually approaching the oversold area (around 30), which could signal a temporary imbalance caused by excessive selling pressure and open the door for technical corrections in the coming days. MACD The MACD histogram continues to show movements below the zero line, indicating that bearish momentum remains dominant in the average of the moving averages. If this downward trend continues, it could further strengthen selling pressure and reinforce a more dominant bearish bias in the next trading sessions. Key Levels to Watch: 1.31825 – Current Barrier: A retracement zone that coincides with the 200-period simple moving average. This level could trigger short-term bullish corrections if the price fails to maintain consistent selling pressure below it. 1.34409 – Major Resistance: This level aligns with the 50-period simple moving average. A move back toward this zone could reactivate buying pressure, which might challenge the development of a stronger downtrend in the short term. 1.30125 – Crucial Support: A level not seen since March of this year. A break below this area could accelerate the bearish momentum and establish a dominant downward trend in the coming weeks. Written by Julian Pineda, CFA – Market Analyst
by FOREX.com
GBP sinks as “Santa cut” possibility grow Sterling is under pressure after the UK’s September inflation data came in softer than expected. Annual inflation held steady at 3.8%, below forecasts of 4%, strengthening expectations that the Bank of England could deliver a “Santa cut” in December. Markets are now pricing a 72% chance of a rate reduction before year-end. The weaker inflation print triggered a classic market reaction, with GBP/USD falling below its 200-hour moving average, its lowest level in a week, as sellers gain control and shift sentiment to a more neutral-to-bearish bias. Immediate support potentially lies near 1.33055, followed by the key level at 1.32484. Sterling bulls, meanwhile, might have trouble justifying an attempt at the daily moving average that capped the pairs late October rally.
by BlackBull Markets
Weekly Outlook for GBP/USD (20–24 October 2025)Overview GBP/USD enters the week of 20–24 October 2025 trading around the mid-1.34 level, having rebounded from recent lows near 1.33. The pound’s modest recovery has been underpinned by a softer U.S. dollar (amid expectations of Federal Reserve rate cuts) even as the UK faces domestic economic headwinds. This week brings a packed calendar of market-moving events: critically, the UK’s inflation report and consumer data, a delayed U.S. CPI release, and flash PMI surveys across major economies. Meanwhile, fiscal and political developments – from Britain’s looming budget to U.S.–China trade tensions – add further context. Retail FX traders should brace for potential volatility as these drivers converge on the GBP/USD pair. Key Themes: The UK’s inflation trajectory is in focus on Wednesday, which could reshape Bank of England (BoE) expectations, while U.S. policy clarity is clouded by a recent government shutdown that delayed data releases. Both factors, alongside global risk sentiment, will determine whether GBP/USD can sustain its footing above $1.34 or if it retraces toward recent lows. United Kingdom – Inflation in Focus Amid Domestic Pressures UK Inflation: Critical CPI Data (Wed 22 Oct) Britain’s Consumer Price Index (CPI) for September is due on Wednesday, 22 October, and is the marquee event for sterling. After holding at 3.8% in August – the highest inflation among major advanced economies – markets expect an uptick towards ~4.0% year-on-year. The Bank of England itself has forecast headline inflation could reach ~5.5% by Christmas before easing. A hotter-than-expected CPI print this week “could offer GBP some relief” by bolstering bets that the BoE might need to maintain or even extend its tightening stance. In particular, traders will scrutinise the core inflation and services CPI components for any signs of sticky price pressures. Conversely, a softer CPI reading – especially if accompanied by a drop in core or services inflation – would “deepen downside” for the pound. A weak print would reinforce the view that UK inflation is finally on a clear downtrend, cementing dovish BoE expectations and potentially undercutting GBP. Several factors are influencing the UK’s inflation outlook. Energy costs are a major wildcard: oil prices have actually fallen to multi-month lows (Brent crude ~$61, the weakest since May) on oversupply concerns. Cheaper oil and petrol should help temper near-term inflation for the UK, which is a net energy importer. Additionally, the British government is actively considering measures to reduce household energy bills – notably a plan to scrap the 5% VAT on domestic fuel in the upcoming budget. The Chancellor, Rachel Reeves, has confirmed she is examining a cut of VAT on gas and electricity to 0%, aiming to ease cost-of-living pressures. Such a move, if enacted, could modestly dampen CPI (by directly lowering utility bills), but it comes at a fiscal cost of about £2.2 billion per year in lost revenue. This illustrates the policy dilemma: providing inflation relief versus safeguarding public finances. Markets will be alert this week to any official hints on this VAT cut, as it might alter the medium-term inflation path (a VAT removal would likely knock a few tenths of a percent off headline CPI in the short run) and thus influence BoE policy calculus. Consumer Spending & Retail Data (Fri 24 Oct) Beyond inflation, the pulse of the UK consumer is another focal point. Retail Sales for September are scheduled for Friday, 24 October (7:00am UK time). Recent signals suggest a mixed picture. On one hand, official retail volumes have shown pockets of resilience – August sales rose 0.5% MoM, outperforming expectations. On the other, surveys indicate underlying weakness: the Confederation of British Industry (CBI) reported retail activity has declined year-on-year for “a 12th straight month” in September. The CBI survey balance was -29 in Sept (from -32 in Aug), and retailers foresee another drop in October (expectations balance plunging to -36) amid weak consumer demand. Retailers note that “lacklustre economic conditions” and even US import tariffs (part of renewed trade tensions) are hurting sales. Moreover, consumer confidence has wavered heading into the autumn – households are grappling with higher borrowing costs and uncertainties about fiscal policy. If Friday’s official data confirm a significant slowdown in September retail spending, it would underscore the drag on the UK economy from the cost-of-living squeeze. However, any surprise uptick (as happened in August) could imply British consumers are coping slightly better than feared, which might lend the pound support. Context: UK shoppers face cross-currents – falling inflation in some areas (e.g. food inflation has eased from double digits, though still ~5%reuters.com) versus rising outgoings like energy bills (the winter price cap increased) and high mortgage rates. This week’s data will help “connect the dots” on whether the UK’s economic momentum is holding up or rolling over as we approach Q4. Labour Market & Wages – Cooling, but Watch for Policy Impact While no major jobs data is due this week, the UK labour market backdrop looms over the BoE’s decision-making. Last week’s ONS report showed the unemployment rate has crept up to 4.8% (in the June–August period), the highest since 2021. Crucially, wage growth is slowing: regular pay rose 4.7% YoY, the slowest since 2022. This cooling of pay pressures is a welcome sign for the BoE’s inflation fight. As one analyst noted, the combination of easing wage growth and a rising jobless rate gives the data a “dovish tint” for the BoE. Indeed, markets have slightly pulled forward their expectations of the first BoE rate cut into early 2026 (though no cut is expected in 2025). If inflation numbers this week undershoot or if any BoE speakers emphasise the labour market’s softening, rate-cut speculation could grow, potentially weighing on GBP. Conversely, a CPI upside surprise might re-focus attention on still-elevated wage levels (4.7% pay growth is above the BoE’s inflation target) and keep rate cuts on the backburner. Traders should note that BoE Governor Andrew Bailey recently flagged concerns about financial stability – citing some corporate failures as possible “canaries in the coal mine” for broader risks – but he did not suggest this was altering the immediate monetary policy stance. Overall, the BoE appears in “wait and see” mode: inflation data will be key in either reinforcing that peak rates have passed or, if unexpectedly high, reviving talk of one last hike. Fiscal Policy and Politics – Budget Looming, Borrowing High The UK’s fiscal picture has taken on greater significance for FX markets as government borrowing swells. Data out on Tuesday showed Britain’s public sector net borrowing from April–September reached £99.8 billion, 13% higher than a year prior and the second-highest on record for that period (only topped by the 2020 pandemic year). In September alone, the government borrowed £20.2 billion, a five-year high for that month. This overshoot in borrowing (about £7.2bn above official forecasts so far this year) keeps the pressure on Chancellor Rachel Reeves ahead of the 26 November Autumn Budget. She has already signalled that tax rises and spending cuts are on the table to plug the gap and meet fiscal rules. Indeed, Reeves aims to balance day-to-day spending by decade’s end, but with her “fiscal headroom all but exhausted” due to weaker growth and higher interest costs, tough choices lie ahead. From a currency perspective, tighter fiscal policy (higher taxes, restrained spending) could dampen UK growth prospects, which is typically a negative for sterling. As ING economists cautioned, “tighter fiscal and looser monetary policy should ultimately be a bit bearish for sterling”. However, a credible budget that reins in borrowing might also appease bond markets and prevent any flare-up in UK risk premium. Investors vividly remember the gilt turmoil of 2022, so there is focus on Reeves avoiding any loss of market confidence. For now, the pound has taken the borrowing news in stride – sterling was “little changed” after the latest debt figures – suggesting that as long as fiscal slippage remains modest, it is not a primary driver for GBP/USD. Still, traders will monitor any weekend headlines or leaks on budget measures (such as the mooted energy VAT cut or other tax changes) as we inch closer to November. Surprise announcements could cause intraday shocks to the pound, especially if they imply significantly more borrowing or, conversely, austerity that could hit growth. United States – Data Vacuum and Fed Policy Uncertainty U.S. Economic Data: CPI and the Shutdown Effect Over in the U.S., the economic calendar has been disrupted by the federal government shutdown that began on 1 October and lasted most of the first three weeks of this month. This led to a “data vacuum” where key releases like the September jobs report were postponed, leaving Fed officials and markets “flying blind” to some extent. Fortunately, one crucial indicator – the September Consumer Price Index – will be published this week on Friday, 24 October. (The U.S. administration ensured the CPI release goes ahead, partly because it’s needed to calculate Social Security COLA adjustments.) Consensus expectations see U.S. headline CPI at around +3.1% YoY for September, which would be an uptick from August and above the Fed’s 2% goal. Any upside surprise (e.g. an even higher inflation number or stronger core CPI) could give the dollar a fillip – it would “keep alive policymakers’ concerns about the wisdom of cutting rates any further” at upcoming Fed meetings. In contrast, a cooler-than-expected CPI (say, below 3%) might reinforce the dovish case and deepen the market’s conviction in Fed rate cuts, weighing on the dollar. Notably, the Fed’s preferred inflation gauge, core PCE, has been running a bit lower (2.7% YoY as of August) but was on an upward drift into year-end. This CPI print is thus seen as pivotal for shaping the late-2025 inflation trend. Besides CPI, the U.S. will see flash PMI surveys on Friday (covering manufacturing and services), which will provide a timely check on business activity in October across major economies (US, Eurozone, UK). The U.S. PMIs have been hovering around the breakeven 50 mark in recent months – any significant weakness could amplify recession worries, while resilience might bolster the soft-landing narrative. Additionally, weekly jobless claims (Thursday) will be watched for any creep higher now that certain industries (and possibly government contractors hit by the shutdown) faced stress. However, overall, this week’s U.S. data flow is relatively light, and the absence of some regular reports (e.g. housing starts, trade data, which may have been delayed by the funding lapse) means the focus is squarely on CPI and broader themes rather than a barrage of numbers. Federal Reserve Outlook: Cuts on the Horizon? The Federal Reserve meets the following week (Oct 28–29), and despite limited fresh data, expectations are firmly tilted toward a rate cut. Financial markets are pricing in a 25 bp cut at that meeting (to a 3.75–4.00% Fed funds range) with near certainty. Fed officials themselves appear divided: some, like Kansas City Fed President Schmid, argue the current 4%+ rate is “the right place to be” to keep pressure on inflation while others – notably new Fed Governor Stephen Miran – contend that rates are far too high given inflation’s downtrend. The wildcard is the missing data: “The big question mark right now is the labour market, and we cannot know that until we see the report,” noted one economist, referring to the delayed September payrolls. The Fed is essentially going into the meeting with an incomplete picture, which raises the bar for aggressive policy moves. Yet, with job growth clearly slowing (only ~29k per month on average June–Aug, a dramatic comedown from the post-pandemic boom) and the fiscal drag from the shutdown, doves have a strong argument that some easing is prudent. Indeed, futures now price not just October’s cut but another in December, and Fed speakers like St. Louis Fed’s Musalem have voiced support for more easing if employment risks grow. For the dollar, a confirmed Fed rate cut (especially if coupled with dovish guidance) is typically a negative driver. This expectation has been part of why the USD Index (DXY) slipped under 99. However, the effect on GBP/USD will also depend on relative outlooks – if the BoE is perceived as even more dovish (with UK rate cuts looming sooner, or a bigger growth worry), the pound could still weaken on a relative basis. At present, Fed easing bets have taken some wind out of the dollar’s sails, aiding cable’s bounce. But any hawkish surprise from the Fed (e.g. if they signal no more cuts due to inflation worries) could swiftly reverse that. Keep an eye on Fed Chair Powell’s remarks – although they’ll come after this week, speculation around them may already start mid-week if CPI surprises. Also notable: the U.S. government is still operating only on stopgap funding, and political paralysis in Washington (House leadership issues, etc.) has not fully resolved. This has macro implications – the recent 19-day shutdown is estimated to shave ~0.3 percentage points off Q4 GDP – and contributes to an overhang of uncertainty that intermittently hits the dollar. Trade Tensions and Other U.S. News An emerging theme that could influence global sentiment (and by extension, safe-haven USD demand) is the renewal of U.S.–China trade tensions. In recent days, the world’s two largest economies have imposed tit-for-tat restrictions, including new port usage fees on each other’s shipping, effectively rekindling a trade war. This escalation has raised concerns about global supply chains and growth – the WTO warned a full decoupling could cut world output by 7% over time. For now, markets are warily watching diplomatic developments: there are talks scheduled (U.S. Treasury officials meeting Chinese counterparts) that could either ease or worsen the standoff. The tone from U.S. President Trump (back in office as of January 2025) has oscillated between hardline – e.g. pressuring allies like India to stop buying Russian oil – and occasional optimism, such as him softening rhetoric by expressing hope for Chinese purchases of U.S. goods. Any further headlines on trade this week may sway risk appetite: an easing of tensions could boost equities and risk-sensitive currencies (potentially helping GBP), whereas a sharp escalation could drive a flight-to-quality benefiting the dollar (and possibly hurting sterling). In addition, U.S. corporate news has injected some jitters – the recent bankruptcies of two U.S. companies (First Brands and Tricolor) led to loan losses at certain banks, rattling stock prices. While these are idiosyncratic events, the BoE’s Bailey and others are asking if they hint at broader credit stress. If U.S. financial sector concerns deepen, that too might spur safe-haven USD flows at the expense of currencies like GBP. So far, these seem contained, but it’s a space to watch. Global Risk Environment and External Influences Europe and PMIs This Friday’s round of flash PMI surveys will not only cover the US and UK, but also the Eurozone, offering a near-real-time health check of major economies in October. Europe’s data could indirectly affect GBP if it moves the euro (EUR/USD), given GBP often trades in tandem with the euro against the dollar. Recent trends show the Eurozone had somewhat better momentum in early autumn while the UK was stagnating – September PMI for UK services slipped to ~50, and manufacturing was deep in contraction at 46.2. Should the Eurozone PMIs surprise positively while the UK’s disappoint, GBP could face a double whammy (as EUR/GBP strength might emerge). Conversely, if Europe’s economy also looks sluggish, it might limit GBP’s downside. The global backdrop as indicated by PMIs is expected to be one of subdued manufacturing and moderating services activity, reflecting the lagged impact of rate hikes worldwide. Geopolitical Tensions Geopolitics remain a simmering factor. The war in Ukraine and recent conflict in the Middle East (Israel-Hamas) continue to pose event risk. A major flare-up or expansion of conflict could spark risk-off moves – typically benefitting the U.S. dollar and other safe havens (and possibly weakening GBP, given the pound’s status as a risk-sensitive currency). Additionally, any shock OPEC+ action or supply disruption due to geopolitical events could whipsaw oil prices, which, while currently low, are one headline away from a spike. For now, absent new shocks, oil’s trajectory has been downward on oversupply: Brent’s forward curve even shifted into contango (a sign of glut) for the first time in a long while. Cheaper oil is a small positive for the UK’s inflation outlook and trade balance. Market Sentiment and Equities Global equity markets’ performance this week could also influence GBP/USD via the risk sentiment channel. If stocks rally on, say, hopes of Fed easing and cooling inflation, the dollar could weaken modestly as investors seek higher yields outside the U.S., which might support GBP. Indeed, the pound has held up relatively well against the dollar compared to some other currencies, partly thanks to periodic “risk-on” flows into UK assets when global markets rally. On the other hand, any sharp equity sell-off – whether triggered by earnings misses, credit concerns, or geopolitics – might revive demand for the safe-haven dollar, pressuring GBP/USD lower. It’s worth noting that U.S. Treasury yields (especially long-term) have been a driver lately; a pullback in yields (as markets bet on Fed cuts) hurt the dollar, but yields remain historically high. Should yields rebound this week (for example, if CPI is hot), the dollar may catch a bid and weigh on the pair. Keep an eye on the U.S. 10-year yield around the 5% threshold as a barometer. GBP/USD Technical Outlook From a technical perspective, GBP/USD is in a consolidation phase, trading within roughly a 1.32–1.36 range in recent weeks. The pair’s 50-day and 200-day moving averages are converging near the current price, reflecting the lack of a strong trend and an indecisive momentum backdrop. Support is evident around $1.33 – cable bounced off about $1.3250 last week, which was a multi-month low. Below that, the 1.3200 area and August’s trough near 1.3150 are potential downside targets if bearish momentum resurfaces. On the topside, initial resistance comes in at 1.3450, and a break above there would be a bullish sign, possibly opening a move toward 1.3515–1.3520 (a congestion zone from September). Beyond 1.3520, the next hurdle would be around 1.3600. Technical indicators are mixed: the RSI is near 50, and other oscillators are neutral, showing neither overbought nor oversold conditions. This suggests GBP/USD could await a catalyst (such as the CPI releases) to break out of its current equilibrium. Traders may thus see range-bound trading persist in the early part of the week, with volatility likely picking up mid-week onward. Notably, option implied volatilities have edged higher ahead of the UK CPI event, indicating the market is positioning for larger moves. In summary, 1.3380–1.3400 (roughly the 50-day EMA region) is a pivot area to watch; sustained trade below it could tilt bias lower, whereas holding above keeps the recent rebound intact. (Chartists’ take: As of now, the pound’s failure last week to vault the mid-1.34s suggests lingering selling interest on rallies. But equally, dip-buyers emerged around 1.33. This tug-of-war may continue unless a data surprise tips the scales.) Summary and Trading Considerations In the week ahead, GBP/USD will be driven by a balance of domestic UK catalysts and U.S. developments, within a broader global mood of cautious optimism tempered by risk flare-ups. The pound’s bullish case would be bolstered if UK inflation surprises to the upside or other data (e.g. retail sales, PMIs) show unexpected resilience – that scenario could delay BoE easing and push GBP/USD higher, especially if U.S. CPI comes in tame (denting the dollar). In such a case, a test of the mid-1.35s could be on the table. Conversely, the bearish case for GBP/USD is that UK data disappoint (soft inflation, weak retail activity) and the Fed remains on track to ease – meaning the pound’s own fundamentals deteriorate while the dollar might find safe-haven or yield support. Add in any risk-off events (e.g. worsening trade war or geopolitical shock), and cable could retest recent lows around 1.33 or lower. At present, the bias among many strategists is mildly bearish on GBP as domestic fundamentals (high inflation and soft growth) limit upside. As one analysis noted, “bearish bias persists — GBP continues to struggle under domestic pressures”. However, the dollar’s trajectory is equally crucial: if the Fed’s data-dependent stance turns more cautious with incoming numbers, the USD’s recent strength could wane, offering GBP/USD some relief. Connecting the Dots: It’s important for traders to contextualise each piece of news. For example, a hot UK CPI might spike GBP higher on Wednesday morning – but if later that day U.S. trade or political news triggers a risk-off, the dollar could rebound and erase those gains. Similarly, a benign U.S. CPI on Friday could send GBP/USD upward, but one must consider that by then markets will also be positioning for the Fed meeting outcome the week after. Risk management is key in such a headline-driven environment. Many will be watching volatility around the London session (for UK releases) and the New York session (for U.S. releases) for intraday opportunities. In conclusion, GBP/USD traders should monitor: (1) the UK CPI and retail figures for clues on the BoE’s next steps, (2) the U.S. CPI and any Fed speak for confirmation of the anticipated rate cut, (3) fiscal headlines from the UK (as budget plans firm up) and political developments in the US (post-shutdown manoeuvrings), and (4) the general risk tone influenced by global events like trade and geopolitical issues. All these elements are “contextually connected” – for instance, stronger UK data coupled with a dovish Fed could produce a synergy lifting GBP/USD, whereas weak UK data in a risk-off, dollar-favouring climate could see the pair test new lows. By keeping an eye on all these moving parts, one can better navigate the week’s challenges. Sources: Key insights and data points have been drawn from Reuters, UK's ONS, and other reputable outlets to ensure an up-to-date and analysis. For instance, Reuters reports provided details on the UK’s inflation outlook and fiscal situation, the cooling of Britain’s labour market, and the Fed’s predicament amid the U.S. data blackout. Developments in energy and trade (e.g. oil prices hitting 5-month lows, U.S.–China tariffs) were also referenced from Reuters coverage. These sources underpin the analysis, ensuring that each “dot” – from macroeconomic releases to political news – grounded in factual reporting as we connect them to map out the likely trajectory of GBP/USD this week.
by Mark_Vader_Labs
GBP/USD Outlook for 20–24 October 2025Bias: Range-to-lower while price is below 1.3400–1.3420. Bull trigger: Daily close > 1.3400/20 → corrective squeeze toward 1.3480–1.3500, maybe 1.3530–1.3550 if data/risk help. Bear trigger: H4 close < 1.3260 → continuation to 1.3180–1.3200, stretch 1.3120–1.3130. Why now: BoE signals the cutting cycle isn’t over but the pace may slow (limits tops, cushions dips). IMF “AI-froth” warnings + today’s AWS outage keep a risk-off asymmetry that tends to support USD on shocks. Assumptions: last known spot mid-1.33; UK times; no surprise policy moves/interventions. Confidence: moderate on ranges/levels; low-moderate on directional breakouts. Technical analysis (H1/H4 with D1 context) Trend & structure. Since the early-Oct selloff, cable has carved lower highs and tightened into a triangle/descending channel. Intraday MAs remain gently down/flat; rallies fade beneath the 1.336–1.340 pivot. Key levels Resistance: 1.3360–1.3400 (pivot/MA confluence) → 1.3480–1.3500 (first corrective target) → 1.3530–1.3550. Support: 1.3330–1.3300 → 1.3280–1.3260 (line-in-the-sand) → 1.3200–1.3180 → 1.3130–1.3120. Tape tells: Down-legs have shown heavier participation than up-legs (selling on strength). For breakouts, look for 30–60 min hold or a retest to validate. What would change the chart view quickly? Daily close >1.340 flips short-term structure to a corrective up-phase. H4 close <1.326 confirms triangle breakdown and trend resumption. Macroeconomic fundamentals (this week) BoE vs Fed. Your Megan Greene notes: slack rising; underlying growth weak; inflation risks two-sided but with upside concern; policy “not meaningfully restrictive”; cutting cycle not over but slower pace plausible. Net: near-term less dovish than feared (GBP-supportive on dips), medium-term still easing (caps sustained rallies). UK data (primary drivers): Wed 22 Oct — CPI (Sep, 07:00). A benign/core-soft print raises odds of a corrective GBP pop (easier path through 1.340). A hot/sticky print re-anchors inflation worry → GBP sold on rallies. Fri 24 Oct — Retail Sales (07:00) & Flash PMIs (AM). Weak consumption or sub-50 PMIs would lean GBP-negative into the weekend; solid beats could extend any mid-week squeeze. US/global side: IMF’s AI-valuation warnings keep risk-off optionality alive; Monday’s AWS outage showed how quickly “systemic tech” headlines can push a USD haven bid even if transient. If equities wobble, USD tends to firm; calm equities encourage corrective GBP strength. Structural (not a 1-week catalyst): Your “Sterling-20” thesis (domestic patient capital into UK productive assets) is medium-term GBP-supportive via productivity/potential-growth optics, but won’t decide this week’s path unless echoed in policy/newsflow. Market sentiment & positioning Sentiment: Fragile. Markets are headline-sensitive to tech/AI froth, outages, and macro prints. That creates two-way volatility with a slight USD-on-stress bias. Positioning: Specs are not at extremes in GBP (room to build either way). That means breaks can run once confirmed—less mechanical squeezing to stop them. Integrated forecast & scenarios (20–24 Oct) Base case – Range with bearish drift (≈40%) Rallies fade under 1.340 ahead of/after CPI unless the print is clearly benign. Day-to-day swings between 1.336–1.340 and 1.333–1.330; occasional tests of 1.328–1.326. Week closes mid-range or slightly lower. Relief squeeze – Corrective up-move (≈35%) CPI benign or softer and risk mood steadies → daily close >1.340. Follow-through to 1.348–1.350; first touch likely attracts supply. Additional beats (Retail/PMIs) open 1.353–1.355 before fatigue. Bear resumption – Trend extension (≈25%) CPI hot/sticky, weak Friday prints, or risk-off in equities/tech → H4 <1.326 triggers momentum to 1.318–1.320; overshoot to 1.313 on stress. Caveats: elevated event risk (CPI/PMIs), headline shocks (tech/cloud/infrastructure, geopolitics). Expect whipsaws around releases; spreads can widen. Practical Weekly Playbook (execution-ready) While <1.340: Sell-rally bias. Short 1.336–1.339, SL 1.342, TP 1.333 → 1.330 (scale out); reload only on fresh rejection. Counter-longs only on strong rejection at 1.326–1.328, SL 1.324, TP 1.333–1.336. Breakout long: Only on daily close >1.3405 → buy pullback 1.341–1.343, SL 1.336, TP 1.348, runner 1.353. Breakdown short: On H4 close <1.326 → SL 1.333, TP 1.320, runner 1.313 (trail above last H1 lower high). Hedging (if holding legacy longs): Small protective shorts 1.346–1.349 (SL 1.352) to smooth PnL; lift hedge on daily >1.350 or if CPI benign and price holds above 1.340. What to watch, day by day (UK time) Mon 20: Risk tone after AWS; guard the 1.336–1.340 gate. Tue 21: Pre-CPI positioning; keep sizes light; expect mean reversion. Wed 22: CPI 07:00. Trade the confirmation, not the knee-jerk. Thu 23: Digest day—does price hold above/below 1.340? Fri 24: Retail Sales & PMIs. Data decide whether squeeze extends (1.348–1.350) or the floor gives way (1.326 → 1.320). Bottom line This week still turns on the 1.340 gate and UK data. Under it, treat cable as range-to-lower and sell strength; above it (on a daily close), respect a corrective squeeze into 1.348–1.350. CPI/retail/PMIs choose the path; risk headlines (AI/tech/outage-type) set the pace.
by Mark_Vader_Labs
GBP/USD What’s changed in the last 24–48h What’s changed in the last 24–48h IMF & BoE warnings: The IMF’s October Global Financial Stability Report flags stretched equity valuations—especially the AI-led tech cohort—and rising odds of a disorderly correction. The BoE has voiced a similar risk: if optimism about AI fades, markets could lurch lower. That mix has supported the USD via risk-off flows. UK data softens: Fresh ONS labour data show unemployment up to 4.8% (3m to August) and wage growth cooling—nudging markets to price earlier BoE easing at the margin and weighing on GBP. Price action: Into today, GBP/USD has remained heavy, trading around the low-1.33s and briefly probing the 1.33–1.325 support area cited by several desks. Sellers faded bounces below ~1.336/1.340 resistance. Counterweight from the Fed: A softer USD blip followed coverage of Powell hinting at scope to cut and slow QT, but it hasn’t flipped the broader risk tone yet. How the IMF “AI bubble” angle feeds through to GBP/USD Risk sentiment channel: AI-froth concerns raise correction risk in U.S. megacap tech. When equities wobble, USD tends to catch a haven bid, pushing GBP/USD lower—that’s what we’re seeing. Rates/term-premium channel: The IMF also highlights fiscal and bond-market vulnerabilities. Any jump in U.S. yields on risk stress can be USD-supportive unless the Fed leans clearly dovish. Relative growth narrative: The IMF’s WEO/GFSR portray the U.S. as still relatively resilient (AI investment) while the UK grows ~1.3% and faces stickier inflation—tilting differentials toward the USD unless UK data surprise. Levels & Bias (tactical) Resistance: 1.336–1.340 (break/close above would ease pressure); then 1.348. Support: 1.330/1.325 first; loss of 1.325 risks a run toward the low-1.32s. Bias: Still mildly bearish while below ~1.340 given risk-off impulse + soft UK labour prints. A durable USD dip would need clearer Fed easing signals or stronger UK data. Near-term catalysts to watch (this week) UK August GDP/production (Thu 16 Oct): A miss likely reinforces GBP selling; an upside surprise could spark a squeeze toward 1.34–1.348. U.S. data/Fed speak: Any firm dovish steer could cap the dollar and stabilise cable; renewed equity stress on AI-bubble headlines would do the opposite. Bottom line Including the IMF’s AI-bubble warnings, the story so far is risk-off supportive of the USD, UK data are not helping sterling, and GBP/USD remains under pressure while sub-1.340. For hedging: favour sell-the-rally flow below 1.340 with eyes on 1.330/1.325 support; flip more neutral only on a daily close above 1.340 or if UK data positively surprise.
by Mark_Vader_Labs
Pound plummets below 1.34 amid UK gilt turmoil! What's next?The Pound is under heavy pressure, trading around 1.3382 after falling below the critical 1.3400 mark. The trend is bearish, with price action contained in a downward channel and repeated failures to break key resistance levels. Fundamental Drivers UK Gilt Yields : 30-year yields have surged to their highest since 1998, raising concerns about the sustainability of UK public finances. Political Uncertainty : A recent cabinet reshuffle by the Prime Minister has heightened fiscal fears, with risks of tax hikes or spending cuts. Inflation & BoE Policy : Persistent inflation and the Bank of England’s reluctance to cut rates undermine confidence in the Pound. US Dollar Strength : The Dollar is strong, especially ahead of the US Nonfarm Payroll (NFP) report, adding further pressure on GBP. Bearish Scenario (Primary Outlook) Outlook : Continuation of the downtrend within the downward channel. Entry Conditions : Rejection at 1.3390–1.3400 resistance zone Risk Management : Move stop to breakeven after Target 1 Bullish Scenario (Counter-Trend Opportunity) Outlook : Short-term corrective bounce possible if key resistance is broken. Entry Conditions: Strong break above 1.3400 with volume Retest of 1.3390 as support RSI shows bullish divergence or breaks above 50 Risk Management : Take partial profits at each target, trail stops higher Important Notes Expect volatility around the NFP release and from ongoing UK political developments. Fibonacci levels around 1.3330–1.3300 provide strong support confluence. The failed inverse head & shoulders pattern favours the bearish case. The 1.3389–1.3390 zone is critical for both bullish and bearish setups. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Short
by ThinkMarkets
Market Analysis: GBP/USD Rebounds CautiouslyMarket Analysis: GBP/USD Rebounds Cautiously GBP/USD is attempting a recovery wave above the 1.3215 resistance. Important Takeaways for GBP/USD Analysis Today - The British Pound is attempting a fresh increase above 1.3265. - There is a contracting triangle forming with resistance at 1.3375 on the hourly chart of GBP/USD. GBP/USD Technical Analysis On the hourly chart of GBP/USD, the pair declined after it failed to clear the 1.3600 resistance. As mentioned in the previous analysis, the British Pound even traded below the 1.3350 support against the US Dollar. Finally, the pair tested the 1.3140 zone and is currently attempting a fresh increase. The bulls were able to push the pair above the 50-hour simple moving average and 1.3215. The pair even climbed above the 1.3265 level. The bulls were able to push the pair above the 50% Fib retracement level of the downward move from the 1.3385 swing high to the 1.3141 low. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.3375. There is also a contracting triangle forming with resistance at 1.3375 and the 76.4% Fib retracement level of the downward move from the 1.3385 swing high to the 1.3141 low. The next major resistance is near 1.3385. A close above the 1.3385 resistance zone could open the doors for a move toward 1.3450. Any more gains might send GBP/USD toward 1.3550. On the downside, there is decent support forming at 1.3265. If there is a downside break below 1.3265, the pair could accelerate lower. The first major support is near the 1.3215 level. The next key support is seen near 1.3140, below which the pair could test 1.3050. Any more losses could lead the pair toward 1.3000. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Exclusive: GBP/USD Swing Heist – Limited-Time Opportunity!🏴‍☠️ GBP/USD HEIST ALERT: Bullish Loot Grab Before the Cops Arrive! 🚨💰 🌟 Attention, Market Pirates & Profit Raiders! 🌟 "The vault is unlocked—time to swipe those pips!" 🔥 THIEF TRADING STRATEGY (Swing/Day) 🔥 Based on high-risk, high-reward technical & fundamental analysis, here’s the master plan to plunder GBP/USD ("The Cable")! 📈 ENTRY (Bullish Heist Zone) "The vault is OPEN!" – Long at any price, but for precision: Buy Limit orders preferred (15m-30m timeframe). Pullback entries from recent swing lows/highs = sneakiest loot grab! 🛑 STOP LOSS (Escape Route) Thief SL: Nearest swing low (4H chart). Adjust based on: Risk tolerance, lot size, & number of orders. "A good thief always has an exit plan!" 🎯 TARGETS 1.37500 (or escape early if the cops 🚓 (bearish traps) show up!). Scalpers: Only long-side raids! Use trailing SL to lock profits. 💥 WHY THIS HEIST? (Bullish Momentum) Technicals + Fundamentals align for a potential breakout. Overbought? Risky? Yes—but the best loot is guarded! 📢 TRADING ALERT (News & Risk Mgmt) Avoid new trades during high-impact news (volatility = police sirens!). Trailing stops = Your getaway car. Protect profits! 🚀 BOOST THE HEIST! 💖 Hit "Like" & "Boost" to fuel our next raid! 💬 Comment your loot tally below! "Stay sharp, thieves—see you at the next heist! 🤑🔥"
Long
by The-Thief
GBPUSD: The Big Short Opportunity?(Breakout Confirmation Needed)🚨 GBP/USD BANK HEIST ALERT: The Bearish Robbery Plan (Swing/Day Trade) 🚨 🔥 Steal Pips Like a Pro – Thief Trading Strategy Inside! 🔥 🌟 GREETINGS, MARKET PIRATES! 🌟 🤑 To all the Money Makers, Risk Takers & Midnight Breakers! Based on our 🔥Thief Trading Style🔥 (a deadly mix of technical + fundamental + intermarket analysis), we’re plotting a massive bearish heist on GBP/USD ("The Cable"). This is not financial advice—just a strategic robbery plan for those who dare to trade smart. 📉 THE HEIST STRATEGY (SHORT ENTRY FOCUS) 🎯 Target Zone: 1.32300 (or escape earlier if the market turns) ⚡ High-Risk, High-Reward Play: Oversold market, consolidation, trend reversal setup. 💣 Trap Level: Where bullish traders get wrecked. 🔑 ENTRY RULES: "The Heist is ON!" – Wait for breakout confirmation at 1.33800 before striking. Sell Stop Orders below breakout MA OR Sell Limit Orders (15-30 min timeframe). Retest Entry? Ideal if price retraces to recent low/high before dropping. 📌 ALERT SETUP: Don’t miss the breakout—set a chart alert! 🛑 STOP LOSS (Risk Management): Thief SL at 1.34800 (Swing/Day Trade basis – 3H period). 🚨 Pro Tip: "Yo, rebels! You can place SL wherever you want… but if you ignore this level, don’t cry later. Your risk, your rules." 🎯 PROFIT TARGET: First Take-Profit: 1.32300 (or bail earlier if momentum fades). Scalpers: Ride the short side only. Use trailing SL to lock profits. 📰 FUNDAMENTAL BACKUP (Why This Heist Works) Before executing, check: ✅ COT Report (Are big players dumping GBP?) ✅ Macro News (UK vs. USD economic strength) ✅ Intermarket Analysis (DXY, Bonds, Equities correlation) ✅ Sentiment & Seasonality (Is the crowd too bullish?) ⚠️ WARNING: NEWS & VOLATILITY ALERTS Avoid new trades during high-impact news (unless you love gambling). Use trailing stops to protect profits if the market flips. 💥 BOOST THIS HEIST! 💥 🚀 Like & Share to strengthen our Thief Trading Squad! 💸 More heists = More profits. Stay tuned for the next robbery plan! 🤑 See you on the profitable side, bandits! 🏴‍☠️ 🔴 DISCLAIMER: This is entertainment, not financial advice. Trade at your own risk. #Forex #GBPUSD #TradingStrategy #ThiefTrading #BankHeist #SwingTrading #DayTrading 💬 COMMENT BELOW: Are you joining the heist or waiting for a better setup? 🚨👇
Short
by The-Thief
2
STEAL THIS TRADE! GBP/JPY Long Setup(Thief Trader’s Secret Plan)💰 Thief Trader’s GBP/JPY Heist Alert – Stealthy Long Setup Loading! 🌍 Greetings, Profit Raiders! Hola, Konnichiwa, Ni Hao, Privyet, Hallo, Bonjour! 📢 Attention Market Bandits & Chart Pirates—the GBP/JPY Beast is ripe for plunder! Time to execute the next Thief Trader Masterplan. 🎯 Entry Zone – Loot the Dip! Current price = Open vault. Fire longs now or snipe pullbacks (15M/30M charts recent swing low level). Pro Thief Move: Stack buy limits near swing lows/highs. Chart alerts = your secret weapon. 🔫 🛑 Stop Loss – Guard the Treasure! Swing Thieves: Hide SL below 4H swing low (~190.000). Day Raiders: Adjust SL to your risk size & order count. No free rides! 🎯 Profit Target – Escape with the Gold! Take the 200.000 bag or exit early if momentum fades. 🔪 Scalpers vs. Swingers – Choose Your Weapon! Scalpers (Quick Strikes): Longs only. No distractions. Swing Traders (Patient Hunters): Trail stops & lock in gains. 🌪️ Market Pulse – Bullish Winds Blowing! Price battling MA Resistance? No panic. Bulls still rule thanks to: Fundamentals + Macro Trends COT Data + Sentiment Shift Quant Scores & Intermarket Alignments (Check Linkss for the full heist blueprint.) ⚠️ News Trap Warning! Upcoming high-impact events? Freeze trades or tighten stops. Trailing SL = your escape route. 🚨 Join the Thief Trading Crew! Like 👍 or Boost 🚀 this idea to fuel our next raid. Thief Trader Tactics = Daily Market Domination. Your support keeps the heists alive! 💰❤️ 🤑 Stay Locked In – The Next Big Score is Coming… Timing is everything. Watch the charts. Strike hard. Exit smarter.
Long
by The-Thief
"GBP/NZD: The Perfect Long Trade (Risk-Managed Heist Plan)"🏦💰 GBP/NZD BANK HEIST: The Ultimate Sterling vs. Kiwi Money Grab! 💰🏦 🌟 Hi! Hola! Ola! Bonjour! Hallo! Marhaba! 🌟 Attention all Money Makers & Market Robbers! 🤑💸✈️ Based on the 🔥Thief Trading Style🔥 (technical + fundamental analysis), here’s our master plan to loot the GBP/NZD "Sterling vs Kiwi" Forex Bank Heist! 📜 THE HEIST BLUEPRINT: ✅ Entry Strategy (Long Only!) 📈 "The heist is ON! Wait for the breakout above the previous high (2.25500) – then strike! Bullish profits await!" Option 1: Place Buy Stop orders above the Moving Average. Option 2: Use Buy Limit orders near recent swing lows (15-30 min timeframe) for pullback entries. 📌 Pro Tip: Set an ALERT for the breakout entry—don’t miss the robbery window! 🛑 Stop Loss (Listen Up!) "Yo, thieves! 🗣️ If you’re entering on a Buy Stop, DO NOT set your SL until after the breakout! 🚀 Place it where I say (or wherever you dare 😈), but remember—your risk, your rules! ⚠️🔥" 📍 Thief SL Placement: Nearest swing low (1H timeframe) – 2.23700 (adjust based on risk & lot size). 🎯 Profit Target: 2.28700 (Time to escape with the loot!) ⚡ Scalpers’ Note: Only scalp LONG! Big wallets? Go all in. Small wallets? Ride the swing. Use trailing SL to protect your stolen cash! 💰 📰 WHY THIS HEIST? (Fundamental Edge) GBP/NZD is showing bullish momentum due to: Macroeconomic factors COT Report insights Sentiment shifts & intermarket trends 🔗 Full analysis? Check our bio0 for the deep dive! ⚠️ Trading Alert: News = Danger Zone! 📰🚫 Avoid new trades during high-impact news. Use trailing stops to lock in profits & dodge volatility traps. 💥 BOOST THE HEIST! 💖 Support the robbery crew—SMASH THAT LIKE BUTTON! 💖 🚀 More heists coming soon—stay tuned, thieves! 🏆🤝🎉
Long
by The-Thief
3
GBPCHF BULLISH TRADE IDEAThis chart shows the British Pound / Swiss Franc (GBP/CHF) on a 2-hour Heikin Ashi timeframe, and it highlights a potential bullish breakout scenario. Here's a breakdown: 🔍 Key Observations: Descending Channel: Price was trading within a downward-sloping parallel channel, defined by two blue trendlines. This pattern often signals a bullish continuation when it forms as a correction in an uptrend. Breakout Confirmation: Price has just broken above the upper boundary of the descending channel — a strong bullish signal. This suggests that selling pressure is weakening and buyers are taking control. Bullish Projection: The blue projection arrow outlines a potential bullish continuation pattern (possible retest of breakout and rally). This could lead to higher highs, targeting areas above 1.1200 and potentially 1.1250+. Heikin Ashi Candles: Recent candles are large and green, indicating strong upward momentum and trend clarity. 📈 Bullish Bias Justification: Break of Structure: Clean breakout from the descending channel. Momentum Shift: Strong bullish Heikin Ashi candles with minimal lower wicks. Trend Continuation Pattern: The entire structure resembles a bull flag, a classic continuation signal. ✅ Possible Trading Implications: Entry Opportunity: Traders may look to enter on a retest of the breakout zone (around 1.1130–1.1150). Targets: Near-term: 1.1200 | Mid-term: 1.1250+ Stop Loss Zone: Below 1.1100 (inside the channel), to invalidate the breakout. ⚠️ Watch for: False Breakouts: Confirm the breakout with continued bullish candles or volume (if available). CHF Strength: Any sudden CHF strength (safe-haven flows) could invalidate bullish expectations.
Long
by theprofitpioneerzw
GBP/USD: The Pound Rebounds Back Above 1.33000During the last trading session, the GBP/USD pair posted a gain of more than 0.5% in favor of the pound, as U.S. dollar weakness continues, even after some positive remarks regarding the U.S.–China trade war. For now, it seems that investors are viewing European currencies as a potential safe haven amid the current wave of economic uncertainty across markets. This shift in sentiment has helped to sustain consistent bullish pressure on the pound in the short term. Broad Ascending Channel Since mid-January, the pair has been forming a strong ascending channel, with price now trading above the 200-period simple moving average, reinforcing long-term bullish momentum. So far, no bearish correction has been strong enough to break the channel, which remains the most relevant technical formation to monitor for upcoming GBP/USD moves. RSI Despite strong bullish momentum, a notable divergence has begun to form on the RSI, as the pair continues to post higher highs in price, while the RSI shows flat peaks in the short term. In addition, the RSI line is hovering near the 70 level, which marks the overbought zone. Both signals suggest a potential imbalance in market forces, possibly opening the door to short-term bearish corrections. Key Levels: 1.33763 – Key Resistance: This level represents the most recent highs reached by GBP/USD. A sustained move above this area could confirm strong bullish momentum and lead to an acceleration within the current channel. 1.30448 – Near Support: This area corresponds to a consolidation zone seen over the past few months. It may serve as a tentative barrier where short-term pullbacks could occur. 1.28248 – Major Support: This is a critical level, aligned with the 200-period simple moving average. A decisive move below this support could invalidate the current bullish formation and potentially trigger a long-term bearish shift. Written by Julian Pineda, CFA – Market Analyst
by FOREX.com
1
GBPUSD - Will the dollar go up?!The GBPUSD pair is above the EMA200 and EMA50 on the 4-hour timeframe and is moving in its ascending channel. If the pair corrects down towards the demand zone, it can be bought in the direction of its rise. According to the latest Reuters survey of economists, U.S.-imposed trade tariffs have had a significant negative impact on the business environment in the United Kingdom. The assessment suggests that global trade tensions, combined with America’s protectionist policies, have undermined the confidence of British companies and investors in the country’s economic outlook. Market pricing reflects expectations that the Bank of England will cut interest rates by 0.84% over the course of this year. The survey indicates that the UK’s GDP growth for 2025 is expected to average 0.9%, down from the previous estimate of 1%. Growth for 2026 is now projected at 1.2%, also lower than the 1.4% forecast made in March. In terms of monetary policy, there is a strong consensus among economists that the Bank of England is on a gradual path toward easing interest rates. Projections suggest that the base rate will decline by 25 basis points each quarter throughout 2025, reaching 3.75% by year-end. Notably, all 67 economists participating in the poll expect the Bank of England to cut rates by 25 basis points at its May 8 meeting, bringing the rate down to 4.25%. Meanwhile, the U.S.Federal Reserve, in its latest Beige Book release, reported that economic activity across the country has shown “little change.” The report detailed that only five districts experienced “modest growth,” three noted activity was “about flat,” and four reported “slight to moderate declines.” The Fed stated, “The outlook in several districts deteriorated notably due to heightened economic uncertainty, particularly stemming from tariffs.” On employment, most districts experienced “little to slight” increases. One district noted a “modest increase,” four reported “slight gains,” another four observed no change, and three recorded “slight declines” in employment levels. At the same time, prices continued to rise across the country. Six districts described price growth as “modest,” while the other six reported it as “moderate.” The Fed explained that most districts expected input costs to rise further due to tariffs. UBS has issued a warning that Donald Trump’s calls for rate cuts may erode confidence in the Federal Reserve’s independence and fuel greater uncertainty in financial markets. UBS analysts believe that reduced investment and consumption in the U.S. economy are primarily driven by increased economic uncertainty, rather than restrictive monetary policy. They emphasize that markets are highly sensitive to any perceived threats against the Fed’s autonomy, and in the current climate, it is this economic volatility—more than interest rate levels—that is harming the economy.
Long
by Ali_PSND
GBP/USD Maintains a Consistent Upward ChannelThe bearish bias seen in previous sessions appears to have paused temporarily, giving way to a notable bullish momentum, which has driven gains of over 1% in the short term in favor of the British pound. Today’s White House announcement to temporarily pause tariffs on several previously threatened countries—excluding China, which could face tariffs of up to 125%—has weakened the U.S. dollar in the short term. This shift has allowed the British pound to regain ground, supporting a steady bullish bias in the GBP/USD pair. Upward Channel Since January 14 of this year, bullish strength has been dominant, forming a clear ascending channel that has repeatedly pushed the price above the 200-period moving average. Recent bearish swings have failed to break through the ascending trendline, which remains intact, making this bullish channel the most important formation to monitor for now. TRIX Despite recent declines in the TRIX line, the indicator continues to oscillate above the zero level. This suggests that buying momentum remains intact when averaging recent moving periods. As long as the TRIX line continues to hold above the neutral level, bullish strength may become increasingly consistent in the short term. RSI The RSI line is approaching the 50 level, which marks the neutral zone on the indicator. However, if a significant breakout above this level occurs, bullish impulses could become dominant in the market—potentially strengthening upward pressure on GBP/USD. Key Levels: 1.29275 – Near Resistance: This level represents the recent weekly high. Bullish moves above this level could reinforce the short-term buying bias and lead to more sustained upward momentum. 1.27772 – Near Barrier: This level aligns with the 200-period moving average. Continued price action around this zone may lead to neutral consolidation and the formation of a short-term sideways range. 1.26183 – Final Support: This level corresponds to late February lows. A confirmed break below this support could signal the end of the current bullish channel. By Julian Pineda, CFA – Market Analyst
by FOREX.com