Pound Maintains the Bearish Path 3/11/2025

Sterling extended its downtrend into last week’s close, meeting the 1.3105 target and printing a 1.3097 low.

Technical outlook

• RSI: Back out of oversold but still sending negative momentum signals—consistent with bearish control.
• SMAs: Price holds below the simple moving averages, which continue to act as dynamic resistance.
• Structure: Ongoing stability below 1.3175 reinforces the downside bias.

Base case (bearish while below 1.3175)

• A drift toward 1.3100 support is likely.
• A decisive break/4H close below 1.3100 would open 1.3065 next.

Invalidation / upside toggle

• A confirmed 1H close above 1.3175 would neutralize immediate downside pressure and allow a corrective push toward 1.3210.

Risk note
Volatility remains elevated amid trade and geopolitical headlines. Consider prudent sizing and hard stops; reassess quickly if the key levels give way.

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: 1.3105	R1: 1.3175
S2: 1.3065	R2: 1.3210
S3: 1.3030	R3: 1.3245