The GBP\/USD pair attempted to move higher at the start of the week, reaching a peak near 1.3428 before facing resistance.<\/p>\n\n\n\n
Technical Outlook \u2013 4-Hour Timeframe:<\/p>\n\n\n\n
The pair was rejected from this level, triggering a short-term bearish correction. The Relative Strength Index (RSI) has started to generate negative signals on lower timeframes, indicating weakening upward momentum.<\/p>\n\n\n\n
If daily trading remains below the psychological level of 1.3400, downside pressure may prevail in the coming hours, with an initial target at 1.3335. A break below this level could extend losses toward 1.3300.<\/p>\n\n\n\n
On the other hand, a successful hold above 1.3405 could revive bullish momentum, opening the way for a move toward 1.3455.<\/p>\n\n\n\n
Note: Today, markets are awaiting high-impact U.S. economic data, including non-farm payrolls, average earnings, unemployment figures, and the preliminary services and manufacturing PMI readings. Elevated volatility is expected around the release times.<\/p>\n\n\n\n
Warning: Risk levels remain high amid ongoing trade and geopolitical tensions, and all scenarios remain 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 attempted to move higher at the start of the week, reaching a peak near 1.3428 before facing resistance. Technical Outlook \u2013 4-Hour Timeframe: The pair was rejected from this level, triggering a short-term bearish correction. The Relative Strength Index (RSI) has started to generate negative signals on lower timeframes, indicating weakening upward …<\/p>\n","protected":false},"author":9,"featured_media":121743,"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-121734","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\/121734","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=121734"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121734\/revisions"}],"predecessor-version":[{"id":121744,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121734\/revisions\/121744"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/121743"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1: 1.3335<\/strong><\/td> R1: 1.3405<\/strong><\/td><\/tr> S2:\u00a01.3300<\/strong><\/td> R2: 1.3455<\/strong><\/td><\/tr> S3: 1.3275<\/strong><\/td> R3:\u00a01.3480<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"