- The GBP/USD could find main resistance at the psychological level of 1,3400
- The 14 -day RSI moves above 70, suggesting that a possible downward correction could be on the horizon.
- The immediate support is located in the nine -day EMA, about 1,3194, followed by the lower limit of the upward channel around 1,3150.
The GBP/USD pair continues its winning streak that began on April 8, quoting around 1,3370 during the Asian hours of Monday. The technical analysis of the daily graphic points to a continuous upward trend, with the torque advancing inside an ascending channel pattern.
In addition, the GBP/USD continues to quote over the nine -day exponential (EMA) mobile average, reinforcing the short -term bullish impulse. However, the 14 -day relative force index (RSI) has risen above 70, indicating overcompra conditions and suggesting that a possible downward correction could be on the horizon.
The GBP/USD torque finds initial resistance at the psychological level of 1,3400, followed by 1,3434, a level not seen since September 2024 and the lowest since March 2022. A sustained movement on the rise could reinforce the bullish bias, with the parishes potentially pointing to the upper limit of the upward channel about 1,3480.
In the lower part, the immediate support is observed in the nine -day EMA, around 1,3194, followed by the lower limit of the ascending channel about 1,3150. A rupture below this crucial area could undermine the short -term bullish impulse, with the 50 -day EMA in 1,2906 emerging as the next level of significant support.
A deeper decrease below this level could affect the medium -term bullish perspective, potentially leading to the GBP/USD torque towards the minimum of two months of 1,2577, recorded on March 3, and below until the minimum of three months of 1,2249, registered on February 3.
GBP/USD: Daily graphic
LIBRA ESTERLINA PRICE TODAY
The lower table shows the percentage of pounding sterling (GBP) compared to the main currencies today. Libra sterling was the strongest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -1.03% | -0.63% | -0.86% | -0.36% | -0.51% | -1.04% | -0.96% | |
| EUR | 1.03% | 0.25% | 0.15% | 0.63% | 0.33% | -0.04% | 0.05% | |
| GBP | 0.63% | -0.25% | 0.08% | 0.40% | 0.08% | -0.29% | -0.20% | |
| JPY | 0.86% | -0.15% | -0.08% | 0.50% | 0.21% | -0.07% | -0.07% | |
| CAD | 0.36% | -0.63% | -0.40% | -0.50% | -0.27% | -0.68% | -0.58% | |
| Aud | 0.51% | -0.33% | -0.08% | -0.21% | 0.27% | -0.36% | -0.28% | |
| NZD | 1.04% | 0.04% | 0.29% | 0.07% | 0.68% | 0.36% | 0.12% | |
| CHF | 0.96% | -0.05% | 0.20% | 0.07% | 0.58% | 0.28% | -0.12% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the sterling pound from the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the GBP (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
