{"id":119131,"date":"2025-09-23T12:40:34","date_gmt":"2025-09-23T08:40:34","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=119131"},"modified":"2025-09-23T12:40:41","modified_gmt":"2025-09-23T08:40:41","slug":"gbp-challenges-major-resistance-point-23-9-2025","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gbp-challenges-major-resistance-point-23-9-2025\/09\/23\/tech-analysis\/","title":{"rendered":"GBP Challenges Major Resistance Point 23\/9\/2025"},"content":{"rendered":"\n<p>The pair witnessed mixed trading with a slight bullish bias after establishing a short-term support line.<\/p>\n\n\n\n<p><strong>Technical Outlook:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Relative Strength Index (RSI):<\/strong> Showing negative signals due to overbought conditions relative to price action, raising the risk of negative divergence.<\/li>\n\n\n\n<li><strong>50-Period Simple Moving Average (SMA):<\/strong> Acting as dynamic resistance, maintaining downward pressure on the pair.<\/li>\n<\/ul>\n\n\n\n<p><strong>Probable Scenario:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bearish Case:<\/strong> The <strong>1.3530<\/strong> level, and more importantly <strong>1.3540<\/strong>, remain the pivot for downside control. Holding below these levels favors a continuation of the bearish bias, with downside targets at <strong>1.3470<\/strong> and <strong>1.3420<\/strong>.<\/li>\n\n\n\n<li><strong>Bullish Case:<\/strong> A clear breakout above <strong>1.3540<\/strong> could restore buyers\u2019 control, opening the way to <strong>1.3570<\/strong> first, with gains potentially extending toward <strong>1.3600<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p><strong>Warning:<\/strong> Markets are awaiting high-impact US data today (Services and Manufacturing PMI). Significant volatility is expected upon release.<\/p>\n\n\n\n<p><strong>Risk Note:<\/strong> Risk remains high amid ongoing trade and geopolitical tensions, and all scenarios are possible.<\/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: 1.3470<\/strong><\/td><td><strong>R1: 1.3540<\/strong><\/td><\/tr><tr><td><strong>S2:\u00a01.3420<\/strong><\/td><td><strong>R2: 1.3570<\/strong><\/td><\/tr><tr><td><strong>S3: 1.3390<\/strong><\/td><td><strong>R3:\u00a01.3615<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>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 pressure on the pair. Probable &hellip;<\/p>\n","protected":false},"author":9,"featured_media":119140,"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-119131","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\/119131","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=119131"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119131\/revisions"}],"predecessor-version":[{"id":119141,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119131\/revisions\/119141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/119140"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}