📊 Technical Structure
GBP/USD has extended into a modest two-day rebound, reclaiming the 1.34 handle after last week’s sharp decline. However, the price is now testing a defined Resistance Zone at 1.3449–1.3460, which aligns with prior supply and bearish rejection areas. The broader trend remains bearish, with lower highs and lower lows visible on the 4H chart. If this resistance holds, momentum may shift back to the downside, targeting the Support Zone near 1.3328–1.3316.
🎯 Trade Setup
Entry: 1.3445–1.3460 (Resistance Zone)
Stop Loss: 1.3472 (above resistance rejection)
Take Profit: 1.3329 (Support Zone)
Risk/Reward: ~1 : 4.97
🌍 Macro Background
Sterling’s latest recovery comes on the back of softer USD flows as government shutdown risks weigh on the Dollar. Still, the underlying fundamentals remain fragile: the UK’s Q2 GDP growth is expected at just 0.3% QoQ and 1.2% YoY, pointing to sluggish momentum. Meanwhile, looming US Nonfarm Payrolls (NFP) later this week – assuming the release is not delayed by the shutdown – could spark volatility. A stronger-than-expected NFP would likely revive USD demand and pressure GBP/USD lower, reinforcing the short bias from resistance.
🔑 Key Technical Levels
Resistance Zone: 1.3449–1.3460
Support Zone: 1.3328–1.3316
Intermediate Level: 1.3400 (psychological handle)
📝 Trade Summary
GBP/USD is staging a temporary rebound, but the technical rejection zone near 1.3450 offers a short-selling opportunity with a favourable risk-reward setup. With US macro data still supportive of the Dollar and UK growth momentum weak, rallies are likely to be capped, favouring downside continuation toward 1.3328.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
GBP/USD has extended into a modest two-day rebound, reclaiming the 1.34 handle after last week’s sharp decline. However, the price is now testing a defined Resistance Zone at 1.3449–1.3460, which aligns with prior supply and bearish rejection areas. The broader trend remains bearish, with lower highs and lower lows visible on the 4H chart. If this resistance holds, momentum may shift back to the downside, targeting the Support Zone near 1.3328–1.3316.
🎯 Trade Setup
Entry: 1.3445–1.3460 (Resistance Zone)
Stop Loss: 1.3472 (above resistance rejection)
Take Profit: 1.3329 (Support Zone)
Risk/Reward: ~1 : 4.97
🌍 Macro Background
Sterling’s latest recovery comes on the back of softer USD flows as government shutdown risks weigh on the Dollar. Still, the underlying fundamentals remain fragile: the UK’s Q2 GDP growth is expected at just 0.3% QoQ and 1.2% YoY, pointing to sluggish momentum. Meanwhile, looming US Nonfarm Payrolls (NFP) later this week – assuming the release is not delayed by the shutdown – could spark volatility. A stronger-than-expected NFP would likely revive USD demand and pressure GBP/USD lower, reinforcing the short bias from resistance.
🔑 Key Technical Levels
Resistance Zone: 1.3449–1.3460
Support Zone: 1.3328–1.3316
Intermediate Level: 1.3400 (psychological handle)
📝 Trade Summary
GBP/USD is staging a temporary rebound, but the technical rejection zone near 1.3450 offers a short-selling opportunity with a favourable risk-reward setup. With US macro data still supportive of the Dollar and UK growth momentum weak, rallies are likely to be capped, favouring downside continuation toward 1.3328.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
ATFX is a globally regulated, award-winning fintech broker offering customer support in 20 languages.
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.