GBPUSD on the daily chart is maintaining a clear bearish structure, with price consistently forming lower highs while pressing toward a strong horizontal support zone near the 1.3200 region. The current momentum suggests a potential continuation of the downward move, as sellers remain in control following repeated rejections around 1.3400–1.3450. The pair’s structure reflects market sentiment leaning toward USD strength, especially as investors seek stability amid shifting risk conditions and diverging monetary outlooks.
From a fundamental perspective, the US dollar remains supported by hawkish commentary from the Federal Reserve, as policymakers continue to emphasize the need for keeping rates elevated until inflation returns decisively to target. Meanwhile, the British pound is weighed down by weaker UK growth data and declining inflation pressures, which have reduced the probability of further Bank of England tightening. This policy divergence between the Fed and the BoE reinforces downside potential for GBPUSD in the short to medium term.
If price breaks decisively below 1.3200, the next key area to watch would be around 1.3100, where buyers may attempt to step in. However, as long as the pair trades below 1.3450 resistance, the bias remains bearish with potential for deeper correction. Short-term traders can look for pullbacks toward resistance zones for potential sell entries, while longer-term traders should monitor fundamental catalysts for confirmation. The combination of technical weakness and fundamental divergence points toward continued bearish pressure, offering profitable opportunities in favor of USD strength.
From a fundamental perspective, the US dollar remains supported by hawkish commentary from the Federal Reserve, as policymakers continue to emphasize the need for keeping rates elevated until inflation returns decisively to target. Meanwhile, the British pound is weighed down by weaker UK growth data and declining inflation pressures, which have reduced the probability of further Bank of England tightening. This policy divergence between the Fed and the BoE reinforces downside potential for GBPUSD in the short to medium term.
If price breaks decisively below 1.3200, the next key area to watch would be around 1.3100, where buyers may attempt to step in. However, as long as the pair trades below 1.3450 resistance, the bias remains bearish with potential for deeper correction. Short-term traders can look for pullbacks toward resistance zones for potential sell entries, while longer-term traders should monitor fundamental catalysts for confirmation. The combination of technical weakness and fundamental divergence points toward continued bearish pressure, offering profitable opportunities in favor of USD strength.
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✅ ✅✅Join our Free Forex Community Telegram Channel here.
Hit the Link below
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linkin.bio/andrewstelegramfamily
Hit the Link below
👇👇👇
linkin.bio/andrewstelegramfamily
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.