GBP/USD – Bearish Momentum Accelerates Amid Hawkish Fed Outlook
Fundamental Drivers and Market Sentiment
Sterling’s recent downside momentum intensified following robust U.S. economic data…
Technical Overview
GBP/USD’s decisive breach and subsequent daily close below the key technical Fibonacci support…
Key Support Levels
Immediate support is now clearly established at Thursday’s intraday low of 1.3186…
Resistance Zones
On any short-term recovery attempts, initial resistance emerges at 1.3249…
Momentum and Indicator Analysis
RSI Indicator: The Relative Strength Index has moved further into bearish territory…
Strategic Conclusion
GBP/USD remains biased sharply to the downside amid clear bearish technical signals…