Pound Picks Up Positive Signals 8/9/2025

The GBP/USD pair continues its gradual intraday recovery, attempting to consolidate above the key psychological support at 1.3500.

Technical Outlook – 4-hour timeframe:

The Relative Strength Index (RSI) has successfully exited oversold territory and is beginning to deliver positive signals that could restore bullish momentum. In addition, price action is stabilizing above the 50-period simple moving average, which continues to provide dynamic support and reinforces the upward trend.

Likely Scenario:

The 1.3500 level remains pivotal for sustaining positive price action. A confirmed break above the resistance highlighted on the chart could open the way for further intraday gains, targeting 1.3620. Conversely, a decisive move back below 1.3500 would revive bearish bias, exposing the pair to deeper pullbacks toward the next support zones.

Warning: Risks remain elevated amid ongoing trade and geopolitical tensions, and all scenarios should be considered.

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: 1.3435	R1: 1.3560
S2: 1.3370	R2: 1.3620
S3: 1.3310	R3: 1.3685