Key Moments
- GBP/USD has traded around 1.3430 for a fourth straight subdued session, sitting below the nine-day EMA but above the 50-day EMA.
- The 14-day RSI stands at 51.9, signaling neutral momentum and an easing of the recent strength, with a drop below 50 hinting at deeper corrective risk.
- The 50-day EMA at 1.3381 acts as key support, while resistance is clustered at the nine-day EMA at 1.3464 and the three-month high at 1.3562.
GBP/USD Technical Posture
GBP/USD remains under pressure for the fourth consecutive session, trading near 1.3430 during Asian hours on Friday. The pair is positioned between short- and medium-term trend signals, reflecting a market that is consolidating rather than trending strongly.
On the momentum side, the 14-day Relative Strength Index (RSI) is at 51.9, a neutral reading that highlights a slowdown following a stretch of stronger performance. A move in the RSI back below the 50 level would increase the likelihood of a more pronounced pullback.
Interaction with Key Moving Averages
The currency pair currently trades below the nine-day Exponential Moving Average (EMA) but remains above the 50-day EMA, effectively straddling its short- and medium-term trend filters. Although the nine-day EMA still sits above the 50-day EMA, its recent turn lower is limiting upside momentum.
Initial downside support is located at the 50-day EMA, currently at 1.3381. A daily close below this medium-term trend gauge would shift market attention toward the eight-month low at 1.3010. Conversely, maintaining levels above the 50-day EMA would keep the broader constructive bias intact and help cushion downside moves.
Resistance Levels and Upside Scenarios
On the topside, a break through the nine-day EMA at 1.3464 would clear the way for a test of the three-month high at 1.3562, which stands as the next notable barrier. A daily close back above this confluence of resistance could reestablish a stronger bullish tone for GBP/USD.
If that topside bias is reasserted, the pair would then have scope to probe the region around the six-month high at 1.3726. Beyond that area, the next reference point is 1.3788, identified as the highest level since October 2021.
GBP Performance Against Major Currencies
The following table shows the percentage change of the British Pound (GBP) against major currencies today. According to these moves, the British Pound has been weakest against the Euro.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | – | -0.03% | 0.01% | 0.19% | 0.05% | -0.00% | 0.07% | 0.01% |
| EUR | 0.03% | – | 0.05% | 0.22% | 0.08% | 0.03% | 0.10% | 0.05% |
| GBP | -0.01% | -0.05% | – | 0.19% | 0.04% | -0.02% | 0.05% | -0.01% |
| JPY | -0.19% | -0.22% | -0.19% | – | -0.13% | -0.19% | -0.12% | -0.18% |
| CAD | -0.05% | -0.08% | -0.04% | 0.13% | – | -0.06% | 0.00% | -0.05% |
| AUD | 0.00% | -0.03% | 0.02% | 0.19% | 0.06% | – | 0.07% | 0.01% |
| NZD | -0.07% | -0.10% | -0.05% | 0.12% | -0.01% | -0.07% | – | -0.06% |
| CHF | -0.01% | -0.05% | 0.00% | 0.18% | 0.05% | -0.01% | 0.06% | – |
The heat map represents percentage changes of major currencies against each other. The base currency is selected from the left-hand column, and the quote currency is chosen from the top row. For example, selecting the British Pound from the left column and moving horizontally to the US Dollar cell shows the percentage change for GBP (base)/USD (quote).
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