{"id":117951,"date":"2025-08-21T10:37:15","date_gmt":"2025-08-21T06:37:15","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=117951"},"modified":"2025-08-21T10:38:03","modified_gmt":"2025-08-21T06:38:03","slug":"pound-sterling-under-pressure-against-the-dollar-21-08-2025","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/pound-sterling-under-pressure-against-the-dollar-21-08-2025\/08\/21\/tech-analysis\/","title":{"rendered":"Pound Sterling Under Pressure Against the Dollar &#8211; 21\/08\/2025"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">The <strong>GBP\/USD<\/strong> pair has successfully reached its first downward target at <strong>1.3445<\/strong>, as we noted in the previous report. It is currently stabilizing near its lowest levels, around <strong>1.3447<\/strong>.<br><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">Technical Outlook &#8211; 4-Hour Timeframe<\/h3>\n\n\n\n<p>Continued trading below the <strong>Simple Moving Average<\/strong> reinforces the possibility of a continued downward path, especially with the negative signals coming from the <strong>Relative Strength Index<\/strong> after selling off from the overbought area. This supports the likelihood of extended selling pressure.<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Probable Scenario<\/strong><\/h3>\n\n\n\n<p><strong>Bullish Scenario: <\/strong>As long as the price remains below <strong>1.3490<\/strong>, and more importantly below <strong>1.3500<\/strong>, the downward trend is most likely to dominate. This targets <strong>1.3420<\/strong> as the first support level, followed by <strong>1.3365<\/strong> as the next support.<\/p>\n\n\n\n<p><strong>Bearish Scenario: <\/strong>Conversely, a confirmed break above <strong>1.3500<\/strong> with a one-hour candle close above it could reverse the downward trend, paving the way for a retest of <strong>1.3560<\/strong> as an initial target.<\/p>\n\n\n\n<p><strong>Fundamental Note:<\/strong><\/p>\n\n\n\n<p>Today, we are awaiting high-impact economic data from the US economy: &#8220;Weekly Unemployment Claims, Preliminary Reading of the Services and Manufacturing PMI.&#8221; This data may cause strong price volatility when released.<\/p>\n\n\n\n<p><strong>Warning<\/strong><\/p>\n\n\n\n<p>The risk level is high amid ongoing trade and geopolitical tensions, and all scenarios may be plausible.<\/p>\n\n\n\n<p><strong>Disclaimer<\/strong><\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>S1: 1.3420<\/strong><\/td><td><strong>R1: 1.3515<\/strong><\/td><\/tr><tr><td><strong>S2:\u00a01.3365<\/strong><\/td><td><strong>R2: 1.3560<\/strong><\/td><\/tr><tr><td><strong>S3: 1.3340<\/strong><\/td><td><strong>R3:\u00a01.3590<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The GBP\/USD pair has successfully reached its first downward target at 1.3445, as we noted in the previous report. It is currently stabilizing near its lowest levels, around 1.3447. Technical Outlook &#8211; 4-Hour Timeframe Continued trading below the Simple Moving Average reinforces the possibility of a continued downward path, especially with the negative signals coming &hellip;<\/p>\n","protected":false},"author":13,"featured_media":117952,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[7770,7046],"class_list":["post-117951","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-fomc-minutes","tag-sterling"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=117951"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117951\/revisions"}],"predecessor-version":[{"id":117953,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117951\/revisions\/117953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/117952"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=117951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=117951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=117951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}