The GBP\/USD pair trended positively during the previous trading session, reaching a high of 1.3485.<\/p>\n\n\n\n
Technical Outlook \u2013 4-Hour Timeframe:<\/p>\n\n\n\n
The price is holding above the 50-day simple moving average, and the Relative Strength Index (RSI) is returning to positive signals on shorter timeframes.<\/p>\n\n\n\n
As long as daily trading holds above the 1.3415 support level, the bullish bias remains the most likely scenario, targeting 1.3510. A break above this level could open the way for a direct move towards 1.3545.<\/p>\n\n\n\n
Conversely, a confirmed break below the 1.34315 support level could put the pair under temporary downward pressure, initially targeting 1.3355.<\/p>\n\n\n\n
Note: Today, we await high-impact economic data from the US, specifically the monthly and annual Consumer Price Index (CPI). We may see significant price volatility around the time of the release.<\/p>\n\n\n\n
Warning: The level of risk is high amid ongoing trade and geopolitical tensions, 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 trended positively during the previous trading session, reaching a high of 1.3485. Technical Outlook \u2013 4-Hour Timeframe: The price is holding above the 50-day simple moving average, and the Relative Strength Index (RSI) is returning to positive signals on shorter timeframes. As long as daily trading holds above the 1.3415 support level, …<\/p>\n","protected":false},"author":9,"featured_media":122562,"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-122553","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\/122553","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=122553"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/122553\/revisions"}],"predecessor-version":[{"id":122563,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/122553\/revisions\/122563"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/122562"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=122553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=122553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=122553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1: 1.3415<\/strong><\/td> R1: 1.3510<\/strong><\/td><\/tr> S2:\u00a01.3355<\/strong><\/td> R2: 1.3545<\/strong><\/td><\/tr> S3: 1.3320<\/strong><\/td> R3:\u00a01.3600<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"