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- GBP/USD may encounter major resistance on the psychological degree of 1.3400
- The 14-day RSI strikes above 70, suggesting a possible draw back correction could also be on the horizon.
- The instant assist lies on the nine-day EMA, close to 1.3194, adopted by the ascending channel’s decrease boundary round 1.3150.
The GBP/USD pair continues its successful streak that started on April 8, buying and selling round 1.3370 through the Asian hours on Monday. Every day chart technical evaluation factors to a continued bullish development, with the pair advancing inside an ascending channel sample.
Moreover, the GBP/USD pair continues to commerce above the nine-day Exponential Transferring Common (EMA), reinforcing the short-term bullish momentum. Nevertheless, the 14-day Relative Energy Index (RSI) has climbed above 70, indicating overbought situations and suggesting a possible draw back correction could also be on the horizon.
The GBP/USD pair encounters preliminary resistance on the psychological degree of 1.3400, adopted by 1.3434 — a degree not seen since September 2024 and the bottom since March 2022. A sustained transfer increased may reinforce the bullish bias, with the pair probably focusing on the ascending channel’s higher boundary close to 1.3480.
On the draw back, instant assist is seen on the nine-day EMA, round 1.3194, adopted by the ascending channel’s decrease boundary close to 1.3150. A break under this important space may undermine short-term bullish momentum, with the 50-day EMA at 1.2906 rising as the following important assist degree.
A deeper decline under this degree may dent the medium-term bullish outlook, probably driving the GBP/USD pair towards the two-month low of 1.2577, recorded on March 3, and additional right down to the three-month low of 1.2249, registered on February 3.
GBP/USD: Every day Chart
British Pound PRICE At present
The desk under reveals the proportion change of British Pound (GBP) in opposition to listed main currencies immediately. British Pound was the strongest in opposition to the US Greenback.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -1.03% | -0.63% | -0.86% | -0.36% | -0.51% | -1.04% | -0.96% | |
| EUR | 1.03% | 0.25% | 0.15% | 0.63% | 0.33% | -0.04% | 0.05% | |
| GBP | 0.63% | -0.25% | 0.08% | 0.40% | 0.08% | -0.29% | -0.20% | |
| JPY | 0.86% | -0.15% | -0.08% | 0.50% | 0.21% | -0.07% | -0.07% | |
| CAD | 0.36% | -0.63% | -0.40% | -0.50% | -0.27% | -0.68% | -0.58% | |
| AUD | 0.51% | -0.33% | -0.08% | -0.21% | 0.27% | -0.36% | -0.28% | |
| NZD | 1.04% | 0.04% | 0.29% | 0.07% | 0.68% | 0.36% | 0.12% | |
| CHF | 0.96% | -0.05% | 0.20% | 0.07% | 0.58% | 0.28% | -0.12% |
The warmth map reveals share modifications of main currencies in opposition to one another. The bottom foreign money is picked from the left column, whereas the quote foreign money is picked from the highest row. For instance, for those who decide the British Pound from the left column and transfer alongside the horizontal line to the US Greenback, the proportion change displayed within the field will signify GBP (base)/USD (quote).
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