GBP attacks psychological barrier 18/2/2025

GBP/USD Technical Analysis

The bullish trend remains dominant for the British pound against the US dollar, surpassing the 1.2610 target and reaching a high of 1.2635.

Technical Outlook:

• Bullish Signals:
  • Simple moving averages (SMA) continue to support an upward trend.
  • Stochastic indicator is attempting to gain additional momentum.
• Key Resistance & Target Levels:
  • A break above 1.2600 could pave the way for 1.2630, 1.2670, and potentially 1.2720.
• Bearish Scenario:
  • Stability below 1.2510, especially 1.2500, may invalidate the bullish outlook and trigger a decline toward 1.2460.

Market Risks & Considerations:

• US President Donald Trump’s speech may lead to high price volatility.
• Ongoing trade tensions create uncertainty and potential market swings.

⚠ Risk Warning: The market risk level remains high, and all scenarios are 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: 1.2545	R1: 1.2630
S2: 1.2500	R2: 1.2670
S3: 1.2465	R3: 1.2720