GBP/USD PRICE ANALYSIS: SUBDUED AROUND 1.2700, WITH BEARS IN CHARGE PRE-FOMC DECISION

avatar
· Views 145




  • The Pound falls versus Dollar, awaiting Fed policy news.
  • GBP/USD nears 50-day MA; further drops possible as bears target 1.2600.
  • Break below 1.2700 may seek weekly lows, with rebound eyeing March highs.

The Pound Sterling drops some 0.12% against the US Dollar in early trading during the North American session as traders brace for the Federal Reserve’s monetary policy. A softer inflation report in the United Kingdom (UK) didn’t move the needle in the session, as the GBP/USD trades at 1.2706, with sellers hoping to push prices below the 1.2700 mark.

GBP/USD Price Analysis: Technical outlook

The daily chart portrays the pair as neutral biased; GBP/USD buyers leaned into the 50-day moving average (DMA) at 1.2685, the day’s low, but edged above the 1.2700 handles and hovered around that area. The Relative Strength Index (RSI) points downward below the 50-midline, indicating that selling pressure remains.

If the GBP/USD extends its losses below 1.2700, it will challenge the 50-DMA, followed by the current week’s low of 1.2667. A further downside is seen at the 100-DMA at 1.2619, ahead of the 1.2600 figure.

On the flip side, if buyers reclaim the March 18 high of 1.2746 and break a resistance trendline at around the 1.2745/55 area, expect a recovery toward the 1.2800 mark


면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.

이 글이 마음에 드시나요? 작성자에게 팁을 보내 감사의 마음을 전하세요.
댓글 0

더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.

  • tradingContest