The GBP\/USD pair posted strong gains in the first trading session of the week, supported by weakness in the US dollar, and reached a new high near the 1.3550 target.<\/p>\n\n\n\n
Technical Outlook \u2013 4-hour timeframe:<\/strong><\/p>\n\n\n\n Intraday price action is showing a mild bearish bias as a result of profit-taking following the recent advance. However, the 50-period simple moving average continues to act as dynamic support, while the Relative Strength Index (RSI) is attempting to maintain bullish momentum within the broader uptrend.<\/p>\n\n\n\n Probable Scenario:<\/strong><\/p>\n\n\n\n The 1.3460 level represents a key support zone in today\u2019s trading. Holding above this level keeps the upside bias intact, with a confirmed break above 1.3550 opening the way for additional gains toward higher resistance levels. Conversely, a confirmed break below 1.3460 would revive selling pressure, exposing the pair to deeper pullbacks toward lower support areas.<\/p>\n\n\n\n Fundamental Note:<\/strong><\/p>\n\n\n\n Today\u2019s session includes high-impact US economic data, specifically the ISM Manufacturing PMI, which may generate sharp volatility in the pair.<\/p>\n\n\n\n Warning:<\/strong> Risks remain elevated amid ongoing trade and geopolitical tensions, and all scenarios should be considered.<\/p>\n\n\n\n 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 The GBP\/USD pair posted strong gains in the first trading session of the week, supported by weakness in the US dollar, and reached a new high near the 1.3550 target. Technical Outlook \u2013 4-hour timeframe: Intraday price action is showing a mild bearish bias as a result of profit-taking following the recent advance. However, the …<\/p>\n","protected":false},"author":9,"featured_media":118335,"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-118324","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\/118324","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=118324"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118324\/revisions"}],"predecessor-version":[{"id":118336,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118324\/revisions\/118336"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/118335"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1: 1.3440<\/strong><\/td> R1: 1.3540<\/strong><\/td><\/tr> S2: 1.3375<\/strong><\/td> R2: 1.3580<\/strong><\/td><\/tr> S3: 1.3340<\/strong><\/td> R3: 1.3640<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"