GBP/USD remains mildly offered near 1.2400 even as it bounces off the intraday low heading into the London open on Thursday.
In doing so, the Cable pair reverses the early Asian session’s pullback from the double tops marked around 1.2445-50 amid the nearly overbought RSI (14) conditions. Also teasing sellers is the looming bear cross on the MACD indicator.
However, an upward-sloping support line from November 09, close to 1.2310 by the press time, challenges the Cable pair’s immediate downside.
Following that, the 100-SMA level surrounding the 1.2180 level could probe the GBP/USD bears. It should be noted that the 200-SMA level surrounding 1.1910, acts as the last defense of the pair buyers.
Meanwhile, recovery moves not only need to defy the double tops surrounding 1.2445-50 but should also stay firmer past an ascending resistance line from December 01, close to 1.2475, to keep the GBP/USD buyers on the board.
Should the quote remains firmer past 1.2475, the 1.2500 and 1.2600 round figure may challenge the upside momentum before directing the bulls towards May’s peak of 1.2666.
Overall, GBP/USD bulls seem to run out of steam but the bears need validation from 1.2310.

Trend: Limited downside 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.