Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The GBP/USD pair traded with a weak bias during the first session of the week, posting a high of 1.3118 and a low of 1.3081.
Technical Outlook – 4-Hour Timeframe
The simple moving averages continue to exert downward pressure on the pair, reducing the chances of a meaningful short-term recovery. At the same time, the RSI maintains a negative tone, aligning with a bearish technical structure that supports the continuation of the prevailing daily downtrend.
As long as intraday trading remains below the 1.3120 resistance level, and more broadly under 1.3130, the downside scenario remains the most likely. A clear break below 1.3080 would open the way for a move toward 1.3045.
Conversely, a confirmed break above 1.3130 could trigger a corrective rebound, with upside potential extending toward 1.3170, followed by 1.3200.
Warning: Today’s session includes highly important U.S. economic data, specifically the monthly and annual Producer Price Index (PPI), which could lead to sharp price fluctuations around the time of the release.
Warning: Overall risk remains elevated amid ongoing trade and geopolitical tensions, and multiple scenarios remain possible.
Trading CFDs involves risks, and therefore all scenarios may be plausible. The information provided above is not a recommendation to sell or buy but rather an explanatory reading of price movement on the chart.
| S1: 1.3045 | R1: 1.3130 |
| S2: 1.3000 | R2: 1.3170 |
| S3: 1.2960 | R3: 1.3220 |
