GBP/USD tries to strengthen bullish move above SMAs

GBP/USD rebounds off 200-day SMA; But still holds in trading range in short-term; RSI and MACD have weak momentum

 

GBP/USD is making an attempt to climb above the short-term simple moving averages (SMAs), posting three straight green days but is still developing within the three-month trading range of 1.2520-1.2785.

According to technical oscillators, the MACD jumped above its trigger line but is still standing beneath its trigger line with weak momentum, while the RSI is moving sideways above its neutral threshold of 50. 

If the price extends above the SMAs, then it may again challenge the upper boundary of the channel at 1.2785 and the five-month high of 1.2825. Steeper increases may change the outlook to a bullish one, heading towards the 1.3000 psychological mark. 

On the other hand, a drop below the 200-day SMA at 1.2560 could open the way for a rest near the 1.2495-1.2520 support area, which encapsulates the lower boundary of the range, before meeting the medium-term uptrend line at 1.2370. Any losses below this line could switch the picture to bearish, hitting the 1.2180 barricade. 

All in all, GBP/USD has been trading within a consolidation area since November 24 and only a break above 1.2825 or below 1.2495 could clear the next direction in the near-term view. 

 

XM Group
類型: Market Maker
規則: CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa)
read more
Gold Steady; CPI, Powell in Focus, FX Mixed | 24th September 2025

Gold Steady; CPI, Powell in Focus, FX Mixed | 24th September 2025

Markets remain cautious as Powell’s speech leaves Fed easing uncertain. Gold steadies near $3,750, AUD/USD and GBP/USD react to CPI and UK PMI, while USD/CAD stays supported by weak oil. NZD/USD holds above 0.5850. Traders await US data for direction amid mixed risk sentiment and central bank signals.
Moneta Markets | 58分鐘前
ATFX Market Outlook 24th September 2025

ATFX Market Outlook 24th September 2025

FED Chair Jerome Powell emphasized the need to balance elevated inflation risks against a weakening labor market in upcoming policy decisions. U.S. equities slipped on Tuesday after three straight record closes, with the Dow down 0.19%, the S&P 500 falling 0.55%, and the Nasdaq retreating 0.95%. The U.S. Dollar Index held steady at 97.25 as investors digested comment from Powell and other official
ATFX | 1小時39分鐘前
ATFX Market Outlook 23rd September 2025

ATFX Market Outlook 23rd September 2025

U.S. equities extended their winning streak on Monday, with all three major indexes closing at record highs for a third straight session. Tech stocks led the charge, fueled by Nvidia’s announcement of up to $100 billion in planned investment into OpenAI.
ATFX | 1天前
ATFX Market Outlook 19th September 2025

ATFX Market Outlook 19th September 2025

U.S. initial jobless claims fell last week, though the labor market continues to soften. Major U.S. equity indices closed at record highs, led by Intel’s surge after Nvidia announced a $5 billion investment. The Dow rose 0.27%, the S&P 500 gained 0.48%, and the Nasdaq advanced 0.94%.
ATFX | 4天前
GBP Holds Near Highs as Market Awaits BoE Decision

GBP Holds Near Highs as Market Awaits BoE Decision

The GBP/USD pair stabilised around 1.3626 USD on Thursday, following a highly volatile session on Wednesday. The pair remains close to its highest level in over ten weeks, as markets await the Bank of England’s policy decision later today.
RoboForex | 5天前
ATFX ​Market Outlook 18th September 2025

ATFX ​Market Outlook 18th September 2025

The Bank of England announced its policy decision later today. Markets widely expect no change in rates, but attention will be paid to policymakers’ assessment of recent data. Traders will be looking for signals on a potential rate cut in November, as U.K. inflation has rebounded toward 4%, while July GDP growth stalled and labor market conditions remain weak.
ATFX | 6天前