The British pound came under negative pressure against the US dollar as it approached the psychological resistance level of 1.3600, forcing it into a downward trend.<\/p>\n\n\n\n
Technical Outlook \u2013 4-Hour Timeframe:<\/strong><\/p>\n\n\n\n Despite the downward bias, the simple moving averages are still supporting the price from above.<\/sup> Additionally, positive signals are beginning to appear on the Relative Strength Index (RSI) as it reaches oversold territory.<\/p>\n\n\n\n Likely Scenario:<\/strong><\/p>\n\n\n\n If the current price holds above the support level of 1.3480<\/strong>, the bullish bias is more likely for the day, targeting 1.3570<\/strong> as an initial target, with potential further gains toward 1.3620<\/strong>.<\/p>\n\n\n\n Conversely, a return to trading below 1.3460<\/strong> would renew the likelihood of a return to the downtrend toward 1.3410<\/strong>.<\/p>\n\n\n\n Caution:<\/strong> The risk level is 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 British pound came under negative pressure against the US dollar as it approached the psychological resistance level of 1.3600, forcing it into a downward trend. Technical Outlook \u2013 4-Hour Timeframe: Despite the downward bias, the simple moving averages are still supporting the price from above. Additionally, positive signals are beginning to appear on the …<\/p>\n","protected":false},"author":9,"featured_media":125899,"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-125890","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\/125890","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=125890"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/125890\/revisions"}],"predecessor-version":[{"id":125900,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/125890\/revisions\/125900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/125899"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=125890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=125890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=125890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1: 1.3485<\/strong><\/td> R1: 1.3570<\/strong><\/td><\/tr> S2:\u00a01.3465<\/strong><\/td> R2: 1.3625<\/strong><\/td><\/tr> S3: 1.3410<\/strong><\/td> R3:\u00a01.3650<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"