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 | 15小時17分鐘前

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
類型: Market Maker
規則: CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa)
read more
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 | 19小時26分鐘前
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 | 1天前
ATFX Market Outlook 10th October 2025

ATFX Market Outlook 10th October 2025

U.S. equities closed lower on Thursday as investors consolidated positions ahead of Q3 earnings season amid a lack of economic data and fresh market catalysts. The Dow Jones fell 0.52%, the S&P 500 lost 0.28%, and the Nasdaq Composite slipped 0.08%. Concerns over the ongoing U.S. government shutdown and broad risk-off sentiment pushed the U.S. Dollar Index higher for a fourth consecutive session
ATFX | 4天前
GBP/USD Halts Decline but Inflation Risks Linger

GBP/USD Halts Decline but Inflation Risks Linger

The GBP/USD pair attempted to stabilise on Thursday, trading around 1.3413 USD. However, investor sentiment remains cautious amid a weak outlook for the UK economy and uncertainty surrounding the government's November budget.
RoboForex | 5天前
Cautious Markets Await FOMC Cluesa | 9th October 2025

Cautious Markets Await FOMC Cluesa | 9th October 2025

Markets traded cautiously ahead of the FOMC minutes as traders sought clues on Fed policy. The USD held firm, pressuring major peers. GBP, EUR, and AUD weakened, while NZD saw limited rebound. USD/JPY hit fresh highs on policy divergence. Overall sentiment stayed cautious with focus on Fed guidance and global risk trends.
Moneta Markets | 5天前
ATFX Market Outlook 9th October 2025

ATFX Market Outlook 9th October 2025

U.S. stocks closed higher on Wednesday, supported by gains in technology shares, while the government shutdown continues to deprive markets of economic data. The Federal Reserve’s meeting minutes highlighted rising risks in the labor market, although policymakers remained vigilant regarding inflation.
ATFX | 5天前