{"id":119899,"date":"2025-10-14T10:36:03","date_gmt":"2025-10-14T06:36:03","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=119899"},"modified":"2025-10-14T10:36:06","modified_gmt":"2025-10-14T06:36:06","slug":"pound-steady-below-resistance-14-10-2025","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/pound-steady-below-resistance-14-10-2025\/10\/14\/tech-analysis\/","title":{"rendered":"Pound Steady Below Resistance 14\/10\/2025"},"content":{"rendered":"\n

The GBP\/USD<\/strong> pair extended its decline within the bearish trend anticipated in the previous report<\/strong>, reaching a low of 1.3315<\/strong> as selling pressure continued to dominate market sentiment.<\/p>\n\n\n\n

Technical Overview<\/strong><\/h3>\n\n\n\n
    \n
  • Relative Strength Index (RSI):<\/strong> The indicator continues to issue negative signals<\/strong> despite approaching oversold levels<\/strong>, confirming the strength and persistence of the downtrend<\/strong>.<\/li>\n\n\n\n
  • 50-Period Simple Moving Average (SMA):<\/strong> The SMA continues to act as a dynamic resistance<\/strong>, maintaining pressure on the pair and limiting upward corrections.<\/li>\n<\/ul>\n\n\n\n

    Probable Scenario<\/strong><\/h3>\n\n\n\n

    With the pair breaking below the previous support at 1.3370<\/strong>\u2014now acting as resistance\u2014the bearish bias<\/strong> remains dominant for today\u2019s session.
    A decisive break below 1.3320<\/strong> would reinforce downside momentum, paving the way for targets at 1.3290<\/strong> and 1.3260<\/strong>.<\/p>\n\n\n\n

    Conversely, a clear move above 1.3370<\/strong> could trigger a short-term rebound<\/strong>, opening the path for a retest of 1.3395<\/strong>, which now represents the next resistance level.<\/p>\n\n\n\n

    Caution<\/strong><\/h3>\n\n\n\n

    Heightened volatility is expected ahead of the upcoming speeches by the Bank of England Governor<\/strong> and the U.S. Federal Reserve Chair<\/strong>, which may significantly impact price action.<\/p>\n\n\n\n

    Traders should remain alert, as risk levels are elevated<\/strong> amid ongoing trade and geopolitical tensions<\/strong>, leaving all scenarios possible<\/strong> in the near term.<\/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

    S1: 1.3320<\/strong><\/td>R1: 1.3370<\/strong><\/td><\/tr>
    S2:\u00a01.3290<\/strong><\/td>R2: 1.3395<\/strong><\/td><\/tr>
    S3: 1.3260<\/strong><\/td>R3:\u00a01.3420<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

    The GBP\/USD pair extended its decline within the bearish trend anticipated in the previous report, reaching a low of 1.3315 as selling pressure continued to dominate market sentiment. Technical Overview Relative Strength Index (RSI): The indicator continues to issue negative signals despite approaching oversold levels, confirming the strength and persistence of the downtrend. 50-Period Simple …<\/p>\n","protected":false},"author":9,"featured_media":119908,"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-119899","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\/119899","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=119899"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119899\/revisions"}],"predecessor-version":[{"id":119909,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119899\/revisions\/119909"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/119908"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}