{"id":119688,"date":"2025-10-08T12:37:11","date_gmt":"2025-10-08T08:37:11","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=119688"},"modified":"2025-10-08T12:37:14","modified_gmt":"2025-10-08T08:37:14","slug":"gbp-usd-breaks-key-support-8-10-2025","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gbp-usd-breaks-key-support-8-10-2025\/10\/08\/tech-analysis\/","title":{"rendered":"GBP\/USD Breaks Key Support 8\/10\/2025"},"content":{"rendered":"\n<p>The <strong>GBP\/USD<\/strong> pair extended its bearish movement in line with the previously expected outlook, successfully reaching the official downside target at <strong>1.3390<\/strong> amid sustained selling pressure and a firm strengthening of the US dollar.<\/p>\n\n\n\n<p><strong>Technical Outlook \u2013 4-Hour Timeframe:<\/strong><\/p>\n\n\n\n<p>The <strong>Relative Strength Index (RSI)<\/strong> continues to generate negative signals despite entering oversold territory, underscoring the persistence of bearish momentum and the dominance of sellers in the market.<\/p>\n\n\n\n<p>Meanwhile, the <strong>50-day Simple Moving Average (SMA)<\/strong> maintains its role as a dynamic resistance, pressing down on price action and reinforcing the continuation of the broader downtrend.<\/p>\n\n\n\n<p><strong>Likely Scenario:<\/strong><br>With the pair confirming a break below the <strong>1.3420<\/strong> support level, the downside bias is expected to remain intact throughout today\u2019s session. A sustained move lower could see the pair targeting <strong>1.3355<\/strong> initially, followed by <strong>1.3320<\/strong> if bearish momentum strengthens.<\/p>\n\n\n\n<p>Conversely, a decisive break above <strong>1.3455<\/strong> could temporarily ease selling pressure and trigger a corrective rebound, paving the way for a potential retest of the <strong>1.3500<\/strong> resistance area.<\/p>\n\n\n\n<p><strong>Warning:<\/strong><br>Market risk remains elevated amid ongoing trade and geopolitical tensions. Price volatility could intensify, and all scenarios remain 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: 1.3355<\/strong><\/td><td><strong>R1: 1.3455<\/strong><\/td><\/tr><tr><td><strong>S2:\u00a01.3320<\/strong><\/td><td><strong>R2: 1.3520<\/strong><\/td><\/tr><tr><td><strong>S3: 1.3260<\/strong><\/td><td><strong>R3:\u00a01.3560<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The GBP\/USD pair extended its bearish movement in line with the previously expected outlook, successfully reaching the official downside target at 1.3390 amid sustained selling pressure and a firm strengthening of the US dollar. Technical Outlook \u2013 4-Hour Timeframe: The Relative Strength Index (RSI) continues to generate negative signals despite entering oversold territory, underscoring the &hellip;<\/p>\n","protected":false},"author":9,"featured_media":119697,"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-119688","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\/119688","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=119688"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119688\/revisions"}],"predecessor-version":[{"id":119698,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119688\/revisions\/119698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/119697"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}