GBP/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
GBP/USD 4-hour chart displays a powerful, impulsive bearish breakdown, with price action driving down to a fresh two-month low near 1.32332 and trading well beneath its downward-sloping 30 SMA. Accelerated by shifts in macro-liquidity following the latest hawkish FOMC dot-plot projections and the Bank of England's decision to hold interest rates steady at 3.75%, this steep decline has decisively broken key structural support levels at 1.33170 and 1.33000, flipping them into strong overhead resistance.



Although a long lower candle wick points to a temporary intraday pause and profit-taking near the immediate 1.32050 floor, the broader technical momentum remains firmly in the hands of the sellers. If the pair fails to maintain its footing above this local support layer or triggers a weak, low-volume rejection on a corrective bounce back toward the broken 1.33000 handle the structural downtrend will confirm continuation, opening the door for bears to target the next major psychological support zone at 1.31000.
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