简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
GBP/USD Price Analysis: Corrective pullback needs validation from 1.3180
Abstract：GBP/USD seesaws around 1.3120, up 0.12% intraday after refreshing the 16-month low with a small downtick in early Asian session during Tuesday.
GBP/USD licks its wounds near the lowest levels since November 2020.
Oversold RSI conditions probe further downside, multiple levels marked since October 2020 guard recovery moves.
Although the oversold RSI conditions seem to have triggered the cable pair‘s latest rebound, the previous support line from October 2020, around 1.3170-80, restricts the quote’s further upside.
Even if the GBP/USD prices cross the 1.3180 immediate hurdle, a convergence of the 10-DMA and a descending trend line from February‘s peak will challenge the pair’s advances around 1.3330.
Alternatively, a clear downside break of the 1.3100 becomes necessary to send fresh invitations to GBP/USD bears.
Following that, 78.6% Fibonacci retracement (Fibo.) of September 2020 to February 2021 upside, near the 1.3010, as well as the 1.3000 psychological magnet, will be in focus.
Overall, GBP/USD remains on the bears radar despite the latest corrective pullback.
GBP/USD: Daily chart
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
The president of @Liberland, @Vít Jedlička come on stage, dialogue on trading security.
The 2025 WikiEXPO Hong Kong Station is about to grandly open. the president of @Liberland, @Vít Jedlička come on stage, dialogue on trading security.
Countdown: 1 day.WikiEXPO2025's first stop, Hong Kong, is about to open.
⏰ Countdown: 1 day. WikiEXPO2025's first stop, Hong Kong, is just tomorrow. Focus on transaction security and explore new investment opportunities. ???? Get ready to start now. See you tomorrow.
JustForex vs JustMarkets: A Comprehensive Comparison in 2025
Selecting the right forex broker can make the difference between trading success and frustration for most investors, especially retail investors. As retail traders gain unprecedented access to global markets, the choice between platforms like JustForex and JustMarkets becomes increasingly significant. Both brokers offer some shining features within the forex and CFD trading space, but their approaches differ in some areas.
Vault Markets Review 2025: Live & Demo Accounts, Withdrawal to Explore
Vault Markets, a South African-based broker, has attracted much attention in recent days, particularly within its region. This online broker only offers access to focused trading opportunities on Indices, Currencies, Energies, and Metals, yet it shines on low minimum deposits plus various bonus programmes, which would encourage more investors, especially beginners, to trade with a small budget. However, Vault Markets operates outside of the authorized scope, so we don't consider it solid to trade with.
WikiFX Broker
Latest News
The Growing Threat of Fake Emails and Phishing Scams
WikiFXAfrica Cybercrime Bust: Over 300 Arrested in Fraud Crackdown
WikiFXHong Kong Banks and Authorities Collaborate to Freeze Fraudulent Accounts Faster
WikiFXSocialFi and the Forex Market: A New Era for Decentralized Social Trading?
WikiFXIs Billion Bucks Fx Scam?
WikiFXBaFin Halts USDe Token Issuance, Citing Serious Compliance Failures
WikiFXThe Rise and Risks of Forex Signal Apps: An In-Depth Analysis
WikiFXEnlighten Securities Penalized $5 Million as SFC Uncovers Risk Control Failures
WikiFXWhy Are Financial Firms Adopting Stablecoins to Enhance Services and Stability?
WikiFXExperienced Forex Traders Usually Do This Before Making a Lot of Money
WikiFXCurrency Calculator
