GBP/USD has shifted back to positive price action after concluding the prior downswing, with buyers reasserting control in the near term. Technical:Momentum is improving as the RSI turns higher, signaling additional upside impulse. On the 4-hour chart, price is trading above the 50-period SMA, which has flipped to dynamic support …
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The GBP/USD pair extended its decline within the bearish trend anticipated in the previous report, reaching a low of 1.3315 as selling pressure continued to dominate market sentiment. Technical Overview Relative Strength Index (RSI): The indicator continues to issue negative signals despite approaching oversold levels, confirming the strength and persistence …
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The GBP/USD pair extended its sharp decline within the bearish framework highlighted in the previous report, breaking below the projected downside target at 1.3320 and recording a new low near 1.3280. Technical Overview Relative Strength Index (RSI): Despite entering oversold territory, the indicator continues to send negative signals, reflecting persistent …
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The GBP/USD pair extended its bearish movement in line with the previously expected outlook, successfully reaching the official downside target at 1.3390 amid sustained selling pressure and a firm strengthening of the US dollar. Technical Outlook – 4-Hour Timeframe: The Relative Strength Index (RSI) continues to generate negative signals despite …
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The GBP/USD pair continues to trade under pressure on the intraday level, moving lower as it approaches the key psychological resistance at 1.3500. Technical Outlook – 4-hour timeframe: The Relative Strength Index (RSI) continues to issue negative signals, reflecting persistent bearish momentum on short-term timeframes. Meanwhile, the 50-day Simple Moving …
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The pair extended its bearish trajectory in line with expectations, reaching the first downside target at 1.3430 and printing a session low of 1.3401. Technical Outlook: RSI: Cleared the oversold zone from the prior session but continues to show weak momentum, reflecting limited buying strength. 50-day SMA: Still acting as …
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The pair is trading with a slightly positive intraday bias but remains capped below the key resistance level of 1.3480, keeping the overall pressure tilted to the downside. Technical Outlook: RSI: Showing early negative signs after entering overbought territory, hinting at potential negative divergence and weakening upside momentum. 50-period SMA: …
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The pair is showing positive intraday movements after testing the psychological support level of 1.3400 in the previous session. Technical Outlook: Relative Strength Index (RSI): Beginning to show negative signals due to overbought conditions relative to price action, suggesting the potential for negative divergence. 50-day Simple Moving Average (SMA): Acting …
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The pair witnessed mixed trading with a slight bullish bias after establishing a short-term support line. Technical Outlook: Relative Strength Index (RSI): Showing negative signals due to overbought conditions relative to price action, raising the risk of negative divergence. 50-Period Simple Moving Average (SMA): Acting as dynamic resistance, maintaining downward …
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The pair opened the week under pressure after touching the 1.3560 resistance level, which triggered a wave of negative trading. Technical Outlook: Relative Strength Index (RSI): The indicator is beginning to show early positive signs, likely reflecting temporary relief from oversold conditions, which may briefly limit additional downside pressure. 50-period …
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