GBP/USD is under pressure after labour data

GBPUSD moves toward 2-month trough; The price is ready to break the uptrend line; RSI and MACD tick south
XM Group | Před 2 dny

GBP/USD is diving toward the two-month low of 1.3260 following the release of disappointing UK labor market figures. The unemployment rate unexpectedly rose to 4.8% in the three months to August, up from 4.7% in the previous quarter, while employment levels declined, adding pressure to the British pound.

The pair is nearing a medium-term ascending trendline, which may act as a support level. A potential rebound from this area could shift attention toward the 23.6% Fibonacci retracement level at 1.3370, followed by resistance at the mid-level of the Bollinger Band and the 50-day simple moving average (SMA) in the 1.3435–1.3475 zone.

However, a decisive break below the trendline would expose the 200-day SMA at 1.3190 and the 38.2% Fibonacci retracement of the uptrend from 1.2100 to 1.3788, located at 1.3140. Such a move would likely neutralize the medium-term bullish outlook.

From a momentum perspective, the RSI is trending below the neutral 50 level, indicating weakening buying interest, while the MACD continues to extend its negative trajectory below both its signal and zero lines.

All in all, GBP/USD is at a critical juncture, with technical indicators pointing to increased downside risks. A sustained move below 1.3260 could open the way for a neutral phase. 

XM Group
Typ: Market Maker
Regulace: CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa)
read more
ATFX ​Market Outlook 16th October 2025

ATFX ​Market Outlook 16th October 2025

The Federal Reserve’s Beige Book showed little change in recent U.S. economic activity, but signs of cooling consumption emerged. Morgan Stanley and Bank of America gained on strong quarterly earnings, while investors remained focused on escalating U.S.-China trade tensions. The Dow fell 0.04%, the S&P 500 rose 0.4%, and the Nasdaq advanced 0.66%.
ATFX | Před 1 h 32 min
Fed’s Dovish Tone Weakens Dollar, Lifts Majors | 15th October 2025

Fed’s Dovish Tone Weakens Dollar, Lifts Majors | 15th October 2025

The US Dollar weakened after Fed Chair Powell’s dovish remarks fueled expectations of a year-end rate cut, lifting major currencies and risk sentiment. Oil stayed subdued near $58 amid oversupply worries, while GBP/USD, EUR/USD, and AUD/USD gained. Traders await key US data and FOMC minutes for policy confirmation.
Moneta Markets | Před 21 h 32 min
ATFX Market Outlook 15th October 2025

ATFX Market Outlook 15th October 2025

U.S. stocks closed mixed on Tuesday as investors digested mostly upbeat quarterly earnings from major banks, Fed Chair Jerome Powell’s remarks, and persistent trade tensions. Powell noted that while the economy remains resilient, risks linger.
ATFX | Před 1 dnem
British Pound Braces for Further Losses

British Pound Braces for Further Losses

The British pound remains under sustained pressure, driven by a weakening domestic economy and receding inflation concerns. Recent UK macroeconomic data indicate stagnation in the service sector and a continued decline in consumer spending.
RoboForex | Před 1 dnem
ATFX ​Market Outlook 14th October 2025

ATFX ​Market Outlook 14th October 2025

U.S. equities closed sharply higher on Monday, led by Broadcom and other chipmakers, after President Trump issued reassuring remarks to ease renewed U.S.-China trade tensions. The Dow rose 1.29%, the S&P 500 gained 1.56%, and the Nasdaq surged 2.2%. The U.S. Dollar Index also rebounded above the 99 mark as trade worries moderated.
ATFX | Před 2 dny
ATFX ​Market Outlook 13th October 2025

ATFX ​Market Outlook 13th October 2025

U.S. President Donald Trump’s threat to impose 100% tariffs on Chinese imports starting November 1 reignited fears over how a renewed trade war could impact the U.S. economy. The Dow Jones fell 1.9%, the S&P 500 dropped 2.7%, and the Nasdaq Composite plunged 3.5%. U.S. Treasury yields slid to multi-week lows, dragging the U.S. Dollar down as well.
ATFX | Před 3 dny