The GBP\/USD pair posted sharp losses in the previous trading session after encountering strong resistance at 1.3550, the prior target level.<\/p>\n\n\n\n
Technical Outlook \u2013 4-hour timeframe:<\/strong><\/p>\n\n\n\n Current price action reflects a clear bearish bias following a break of the short-term ascending trend line. In addition, the pair continues to trade below the simple moving averages, which have now turned into dynamic resistance, reinforcing the downside outlook.<\/p>\n\n\n\n Likely Scenario:<\/strong><\/p>\n\n\n\n The 1.3460 level now acts as resistance under the role-reversal principle. A confirmed break below 1.3350 would accelerate bearish momentum, paving the way for a broader decline toward the next support levels highlighted on the chart. Conversely, a move back above 1.3470 could trigger a short-term reversal, allowing for a retest of higher resistance areas.<\/p>\n\n\n\n Fundamental Note:<\/strong><\/p>\n\n\n\n Today\u2019s session includes high-impact US economic data, namely the Job Openings and Labor Turnover Survey (JOLTS), which may spark significant volatility in the market.<\/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 sharp losses in the previous trading session after encountering strong resistance at 1.3550, the prior target level. Technical Outlook \u2013 4-hour timeframe: Current price action reflects a clear bearish bias following a break of the short-term ascending trend line. In addition, the pair continues to trade below the simple moving averages, …<\/p>\n","protected":false},"author":9,"featured_media":118387,"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-118378","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\/118378","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=118378"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118378\/revisions"}],"predecessor-version":[{"id":118391,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118378\/revisions\/118391"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/118387"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1: 1.3290<\/strong><\/td> R1: 1.3500<\/strong><\/td><\/tr> S2:\u00a01.3210<\/strong><\/td> R2: 1.3630<\/strong><\/td><\/tr> S3: 1.3080<\/strong><\/td> R3:\u00a01.3710<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"