GBP advances against USD 13/2/2025

The British pound strengthened against the US dollar after establishing solid support above the 1.2400 psychological barrier, triggering an upward movement.

Technical Outlook:

• Bullish Indicators:
  • Simple moving averages provide positive support from below.
  • Relative Strength Index (RSI) remains above the 50 midline, signaling bullish momentum.
• Key Resistance Levels:
  • A break above 1.2500 could pave the way toward 1.2530 and 1.2570.
  • Extended gains could push the pair beyond 1.2610.
• Bearish Scenario:
  • A return below 1.2415 could invalidate the bullish outlook.
  • This may lead to a downward move toward 1.2340.

Market Risks & Considerations:

• US economic data releases (Producer Price Index, Weekly Unemployment Claims) could trigger high price volatility.
• Trade tensions remain a major risk factor, influencing market sentiment.

⚠ Risk Warning: Market conditions are highly volatile, and multiple scenarios remain possible.

Disclaimer: Trading in CFDs carries inherent risks. The analysis provided herein is not a recommendation to buy or sell, but rather an interpretation of the current price movement on the chart.

S1: 1.2415	R1: 1.2530
S2: 1.2340	R2: 1.2570
S3: 1.2300	R3: 1.2640