Pound finally about to weaken to the Rand to R22.36?

It's not a fireworks analysis, but it's a start.

The GBP/ZAR is shaping up nicely with the inverse cup and handle which is preparing to break to the downside for the first time since April.

Can't believe we are in August already. But nevertheless, it is looking good for the rand, which I hope will only kick off a stronger momentum for the underrated currency.

Inv cup and Handle

Price<20 and 200MA

Target R22.36

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Transaction en cours

UPDATE: GBP/ZAR still on par to the ground with INV C&H - LOL

This pair has been playing out beautifully.

We’ve got a clean inverse cup and handle, with price below both the 20MA and 200MA, showing strong bearish control.

Target remains at R22.36, and we’re now seeing the market respect that red downtrend line perfectly.

It’s all about patience — the kind of setup where most traders get shaken out before the real move begins.

Remember:
👉 The market punishes impatience but rewards discipline.
👉 Don’t chase – plan your entry, stop, and exit before you click buy or sell.
👉 Once you’ve placed your trade — let the system do its job.

This is the psychology zone — where emotions are louder than logic. Stay cool, trade the chart, not your feelings 😎

💡 Fundamentals Supporting the Downside

💷 UK Weakness:
Slower UK growth and sticky inflation are weighing on the pound.

💵 SA Carry Advantage:
High South African interest rates continue attracting yield-seeking investors.

📉 Technical Breakdown:
Each rally keeps getting sold — confirming trend exhaustion up top.

🌍 Global Risk Shift:
Traders are rotating away from GBP-based risk amid global uncertainty.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Timonrosso

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)

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Timonrosso

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