GBP repeating its attack on USD 18/12/2025

The GBP/USD pair posted positive performance during the previous trading session, reaching a high of 1.3428.

Technical Outlook – 4-Hour Timeframe:

Price action remains above the 50-day simple moving average, while the Relative Strength Index (RSI) is gradually returning to positive territory on shorter timeframes, supporting the recovery attempt.

As long as daily trading holds above the 1.3330 support level and, more broadly, above 1.3310, the bullish bias remains the preferred scenario, with an initial target at 1.3430. A confirmed break above this level could open the way for further gains toward 1.3480.

Conversely, a confirmed break below the 1.3310 support level would place the pair under strong downward pressure, targeting 1.3255 initially, followed by 1.3195.

Alert: Today, markets are awaiting high-impact economic data releases from the US, including the annual and monthly core Consumer Price Index (CPI) and weekly jobless claims. From the Eurozone, attention will be on the ECB press conference, interest rate decisions, and monetary policy statement. From the UK, the interest rate decision and monetary policy summary are also due. Significant price volatility is expected around these releases.

Alert: Risk levels remain elevated amid ongoing trade and geopolitical tensions, and all 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: 1.3310	R1: 1.3430
S2: 1.3255	R2: 1.3485
S3: 1.3195	R3: 1.3545