{"id":128525,"date":"2026-06-17T10:11:00","date_gmt":"2026-06-17T06:11:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=128525"},"modified":"2026-06-17T09:40:22","modified_gmt":"2026-06-17T05:40:22","slug":"sterling-clings-to-its-bullish-trend-17-6-2026","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/sterling-clings-to-its-bullish-trend-17-6-2026\/06\/17\/tech-analysis\/","title":{"rendered":"Sterling Clings to Its Bullish Trend 17\/6\/2026"},"content":{"rendered":"\n<p><strong>GBP\/USD Technical Analysis<\/strong><\/p>\n\n\n\n<p>The GBP\/USD pair successfully reached the initial target outlined in our previous technical report at 1.3440, printing an intraday high of 1.3443.<\/p>\n\n\n\n<p><strong>Technical Outlook \u2013 4-Hour Timeframe:<\/strong><\/p>\n\n\n\n<p>Across intraday price action, the simple moving averages continue to function as effective dynamic support, holding the price steady and containing potential downside \u2014 a configuration that strengthens the prospects of a renewed uptrend across the upcoming period.<\/p>\n\n\n\n<p>On the flip side, the Relative Strength Index (RSI) is broadcasting positive signals across the shorter timeframes after pushing decisively into oversold territory relative to the price action \u2014 a reading that points to the potential formation of a fresh momentum base capable of supporting the ongoing recovery attempts.<\/p>\n\n\n\n<p>Compounding this constructive picture, sustained trading above the key support floors preserves the positive outlook, particularly given the continued failure of sellers to assert complete control over the pair&#8217;s price action.<\/p>\n\n\n\n<p><strong>Expected Scenarios:<\/strong><\/p>\n\n\n\n<p><strong>Bullish (Most Likely) Scenario:<\/strong><\/p>\n\n\n\n<p>As long as trading remains anchored above the 1.3400 support floor, the bullish trend will retain the upper hand, with the initial target set at:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>1.3450<\/li>\n<\/ul>\n\n\n\n<p>A decisive break above this level would pave the way for further gains toward:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>1.3480 as the subsequent level<\/li>\n\n\n\n<li>With potential further extension toward 1.3510<\/li>\n<\/ul>\n\n\n\n<p><strong>Bearish Scenario:<\/strong><\/p>\n\n\n\n<p>Conversely, a decisive breakdown beneath 1.3400 would reassert the downward trend, with targets emerging at:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>1.3375 as the initial objective<\/li>\n\n\n\n<li>Followed by 1.3340 as the subsequent level<\/li>\n<\/ul>\n\n\n\n<p><strong>Key Economic Events to Watch:<\/strong><\/p>\n\n\n\n<p>Markets are bracing for a slate of pivotal US economic releases and events today, including:<\/p>\n\n\n\n<p> <strong>United States:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Federal Reserve Interest Rate Decision<\/li>\n\n\n\n<li>FOMC Statement<\/li>\n\n\n\n<li>Fed Economic Projections<\/li>\n\n\n\n<li>Federal Reserve Chair&#8217;s Press Conference<\/li>\n<\/ul>\n\n\n\n<p>Accordingly, markets are likely to experience elevated volatility and sharp price swings around the release of these data points \u2014 a backdrop that could fuel accelerated technical moves in both directions.<\/p>\n\n\n\n<p><strong>Risk Alert:<\/strong> Risk levels remain elevated amid persistent trade frictions and geopolitical tensions \u2014 all scenarios should be considered plausible.<\/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: 1.3375<\/strong><\/td><td><strong>R1: 1.3450<\/strong><\/td><\/tr><tr><td><strong>S2:&nbsp;1.3340<\/strong><\/td><td><strong>R2: 1.3490<\/strong><\/td><\/tr><tr><td><strong>S3: 1.3305<\/strong><\/td><td><strong>R3:&nbsp;1.3515<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD Technical Analysis The GBP\/USD pair successfully reached the initial target outlined in our previous technical report at 1.3440, printing an intraday high of 1.3443. Technical Outlook \u2013 4-Hour Timeframe: Across intraday price action, the simple moving averages continue to function as effective dynamic support, holding the price steady and containing potential downside \u2014 a &hellip;<\/p>\n","protected":false},"author":9,"featured_media":128534,"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-128525","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\/128525","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=128525"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128525\/revisions"}],"predecessor-version":[{"id":128537,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/128525\/revisions\/128537"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/128534"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=128525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=128525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=128525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}