GBP/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
GBP/USD is trading around 1.3286 and is still moving inside a descending channel that has been in place since February, which keeps the overall structure bearish. The key level above is 1.3362, and price would need to break and hold above that to signal any meaningful shift in trend. On the downside, 1.3056 remains the main support and acts as a potential target if selling pressure resumes.



The RSI is around 42, which shows the pair has recovered slightly from oversold conditions, so a short-term bounce is possible. However, this looks more like a temporary relief rally rather than a full trend reversal.

In the broader market, sentiment is leaning "risk-off," with money flowing into commodities due to ongoing geopolitical tensions, including the Iran situation.
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