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.<\/p>\n\n\n\n
Technical Outlook \u2013 4-hour timeframe:<\/strong><\/p>\n\n\n\n The Relative Strength Index (RSI) continues to issue negative signals, reflecting persistent bearish momentum on short-term timeframes. Meanwhile, the 50-day Simple Moving Average (SMA) remains positioned above the current price, acting as a dynamic resistance that continues to weigh on the pair.<\/p>\n\n\n\n Likely Scenario:<\/strong> Conversely, a decisive break above 1.3500 could shift sentiment in favor of the bulls, opening the way for an upward move toward the next resistance at 1.3545.<\/p>\n\n\n\n Warning:<\/strong> The risk level remains high amid persistent trade and geopolitical uncertainties, and all scenarios are possible.<\/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 continues to trade under pressure on the intraday level, moving lower as it approaches the key psychological resistance at 1.3500. Technical Outlook \u2013 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 Average (SMA) remains positioned above …<\/p>\n","protected":false},"author":9,"featured_media":119584,"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-119575","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\/119575","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=119575"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119575\/revisions"}],"predecessor-version":[{"id":119585,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119575\/revisions\/119585"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/119584"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
The 1.3500 psychological resistance remains a critical level for determining intraday direction. As long as the price holds below this barrier, the bearish bias is likely to prevail. A confirmed break below 1.3420 would reinforce selling pressure, potentially extending losses toward 1.3390 and then 1.3350.<\/p>\n\n\n\nS1: 1.3420<\/strong><\/td> R1: 1.3480<\/strong><\/td><\/tr> S2:\u00a01.3390<\/strong><\/td> R2: 1.3515<\/strong><\/td><\/tr> S3: 1.3350<\/strong><\/td> R3:\u00a01.3545<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"