Economic Calendar
Low volatility levels might persist throughout the rest of the trading week, however overall, any significant move from US treasury market might rise overall volatility levels thus increasing FX volatility as well.
GBP/USD hourly chart analysis
GBP/USD hourly chart shows a market in a tactical cooling phase after a strong bullish run hit a ceiling at the 1.35850 resistance. While the overall structure remains positive, with the 50, 100, and 200 SMAs still fanning out in a bullish alignment, short-term momentum has softened as price slips below the 1.35656. If the pair cannot reclaim this level quickly, we are likely looking at a deeper retracement toward the 1.35126.
Hourly Chart
GBP/USD daily chart analysis
GBP/USD highlights an aggressive trend reversal that has successfully transformed the 1.30550 floor into a distant memory, with the pair now trading comfortably above its major moving averages. This recovery has punched through the critical 1.34300 pivot, but the long upper wicks near the recent high suggest that the bulls are finally feeling the burn of such a vertical climb and may need a breather.Read More: Technical Analysis
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