Tag Archives: sterling

Positive momentum has returned to support the GBP/USD pair, benefiting from the recent decline in the US dollar. Technical Outlook – 4-Hour Timeframe: The simple moving averages are once again providing upward support, reinforcing the bullish bias. The Relative Strength Index (RSI) is also showing positive signals, indicating renewed strength …

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. …

The outlook is unchanged: the pair remains in a gradual downtrend. Technical outlook SMAs: Sitting overhead as dynamic resistance, dampening rebound attempts. RSI / structure: Momentum stays negative with a bearish pattern reinforcing the daily downtrend. Base case (bearish continuation) A decisive break/4H close below 1.3040 would likely press toward …

Sterling extended losses in line with our prior view, breaking 1.3075 and printing a 1.3038 low. Technical outlook SMAs: Sitting overhead as dynamic resistance, curbing rebound attempts. RSI / pattern: Momentum remains negative and a bearish structure persists, reinforcing the daily downtrend. Base case (bearish continuation) A decisive break/4H close …

GBP/USD — 4H Technical Update The setup is broadly unchanged: price action is muted and the downtrend remains the dominant theme. Technical outlook RSI: Still printing negative signals despite oversold readings—evidence of persistent bearish momentum. 50-SMA (4H): Price is holding above the average, providing some underlying support—hence the mixed picture. …

The pair is trying to base, but 1.3190 resistance is capping upside and limiting consolidation attempts. Technical outlook RSI: Despite oversold readings, momentum signals remain negative, underscoring a dominant downtrend. 50-SMA (4H): Price still above the average, offering some underlying support—hence the mixed setup. Trade map (wait for confirmation) Bearish …

Sterling fell for a second session after failing to hold above the 1.3200 psychological level, shifting near-term momentum negative. Technical outlook RSI: Still printing negative signals despite oversold readings—consistent with a dominant downtrend. 50-SMA (4H): Price is holding above the moving average, offering some underlying support—hence the mixed picture. Trade …

After four straight up sessions, the pair slipped, printing a 1.3117 low. Technical outlook RSI: Still sending negative signals. 50-SMA (4H): Price is holding above it, preserving some underlying support—hence the mixed read. Trade map (wait for confirmation) Bearish trigger: A decisive break/4H close below 1.3105 would likely extend losses …

The pair attempted to claw back recent losses, but the recovery remains fragile. Technical outlook RSI: Overbought resets are fading, with the indicator still sending negative signals. 50-SMA (4H): Capped the bounce near 1.3165, reinforcing overhead resistance. Structure: Ongoing stability below 1.3175 keeps the bearish bias intact. Base case (bearish …

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 …