- Analytics
- Market analysis
- Technical Analysis
- GBP/USD remains under pressure
GBP/USD remains under pressure
On the hourly chart, the GBP/USD pair remains under pressure, holding below the MA (200) H1 moving average, which confirms the presence of a medium-term downtrend. After an unsuccessful attempt to gain a foothold above the 1.3450 level, the price resumed its decline and is currently approaching the important support at 1.3370. A breakdown of this mark may strengthen the downward movement with a potential target of 1.3335. The MACD indicator confirms the negative momentum - the histogram is expanding in the negative zone, and the signal line is pointing down. The recovery of the upward momentum will be possible only after a return above 1.3450, but for now the technical picture remains "bearish" with a priority on sales.
Resistance levels are: 1.3450, 1.3510, 1.3580
Support levels are: 1.3370, 1.3335, 1.3290
The main scenario for the pair's advance suggests a breakout of the session low of 1.3370 and a possible decline to 1.3335 (May 20th low)
An alternative scenario implies a breakout of the session high of 1.3450 and there may be an increase to 1.3510 (June 20 high).
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
