GBPUSD bulls run out of steam as traders await the key UK inflation numbers during early Wednesday. While portraying the sentiment among the Cable pair traders, the quote retreats from a downward-sloping resistance line from June 15 amid a nearly overbought RSI.
It’s worth noting, however, that the MACD conditions are still bullish as the quote trades successfully beyond the 100-DMA.
Hence, the anticipated pullback could aim for the 61.8% Fibonacci retracement level of the pair’s May-September downturn, around 1.1785, but may struggle to conquer the 100-DMA level surrounding 1.1650.
Should the GBPUSD bears manage to smash the key moving average support near 1.1650, also comprising the previous monthly high, the prices may drop towards a seven-week-old support line, close to 1.1390 by the press time.
Alternatively, an upside clearance of the aforementioned resistance line from June, close to 1.2030, restricts the GBPUSD pair’s short-term advances.
Following that, the 200-DMA hurdle near 1.2240 and the August month high near 1.2280 can challenge the buyers before directing them to the May 27 high of 1.2666.
To sum up, GBPUSD teases sellers ahead of the key data but the road to the south is long and bumpy.

Trend: Pullback expected
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
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.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.