Sterling Slides Gradually Against the Dollar 4/11/2025

Sterling continues to grind lower in line with our bearish view, edging toward the 1.3100 target (last at 1.3108).

Technical outlook

• Momentum: RSI has exited oversold but remains negative, consistent with bearish control.
• Trend/SMAs: Price holds below the simple moving averages, which continue to act as dynamic resistance.
• Structure: Ongoing stability beneath 1.3175 keeps the downside bias intact.

Base case (bearish while below 1.3175)

• A move toward 1.3100 support is favored.
• 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 is elevated amid trade and geopolitical headlines. Use prudent sizing and firm stops; reassess quickly if key levels break.

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: 1.3100	R1: 1.3175
S2: 1.3065	R2: 1.3210
S3: 1.3030	R3: 1.3245