- GBP/USD may face initial resistance to a psychological level of 1.3400.
- The day -to -day review of the chart indicates a weak bullish trend, along with the pair that destroys the bottom of the channel pattern.
- Immediate support can be seen in the nine -day EMA of 1.3274.
The GBP/USD pair is around 1.3320 at the time of Asian trading on Monday, after posting losses in the previous session. Technical analysis in the sunny chart suggests a weakening bullish, as the pair destroys the bottom of the channel pattern of its channel.
However, the GBP/USD pair continues to trade above the nine -day exponential transfer of average (EMA), which adopts the short -term bullish momentum. In addition, the 14-day relative index strength (RSI) holds above 50, further supporting bullish bias.
In the reversal, the GBP/USD pair faces a pre -resistance at the psychological level of 1.3400, followed by 1.3434 – a level last seen in September 2024 and the lowest since March 2022. A long rest above these levels can boost bullish bias, with a pair of potential aimed at the upper border of the channel near 1.3480080808080808080s.
The rest below the ascending channel pattern weakened the bullish bias, putting the downward pressure on the GBP/USD pair towards immediate support at the nine -day EMA of 1.3274. A decisive rest below this level can weaken a short-term bullish momentum, with the 50-day EMA at 1.2980 acting as the next basic support.
A deeper decline under the 50-day EMA could damage the medium-term bullish perspective, which potentially drag the GBP/USD pair to two months low in 1.2577, recorded on March 3, and more up to three months below 1.2249, marked on February 3.
GBP/USD: Sun -Taral chart
British pound price today
The table below shows the percentage change of the British Pounds (GBP) against the listed basic currencies today. The British pound is the strongest against Canada's dollar.
| USD | EUR | Gbp | Jpy | Cad | Aud | Nzd | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.10% | -0.06% | -0.07% | -0.03% | -0.08% | -0.17% | -0.27% | |
| EUR | 0.10% | -0.02% | 0.02% | 0.06% | -0.07% | -0.07% | -0.19% | |
| Gbp | 0.06% | 0.02% | 0.02% | 0.09% | -0.07% | -0.06% | -0.16% | |
| Jpy | 0.07% | -0.02% | -0.02% | 0.07% | 0.03% | -1.50% | 0.06% | |
| Cad | 0.03% | -0.06% | -0.09% | -0.07% | -0.17% | -0.14% | -0.23% | |
| Aud | 0.08% | 0.07% | 0.07% | -0.03% | 0.17% | 0.00% | -0.11% | |
| Nzd | 0.17% | 0.07% | 0.06% | 1.50% | 0.14% | -0.01% | -0.10% | |
| CHF | 0.27% | 0.19% | 0.16% | -0.06% | 0.23% | 0.11% | 0.10% |
The heat map shows the percentage change of basic currencies against each other. The base currency is taken from the left column, while the quote currency is taken from the top row. For example, if you choose the British pounds from the left column and move to the horizontal line in the US dollar, the percentage change shown in the box represents GBP (Base)/USD (quote).
