EUR/USD 1.16341
-0.215%
Gold 4507.58
0.663%
Oil 58.618
0.632%
USD/JPY 157.879
0.650%
GBP/USD 1.34060
-0.254%
GBP/JPY 211.655
0.407%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Ukrainian President Volodymyr Zelenskyy said that Ukraines chief negotiator, Ivan Umerov, spoke with U.S. representatives on Saturday.January 10th - According to the National Marine Forecasting Center, a 6.6-magnitude earthquake struck the waters off the Tarau Islands of Indonesia at 22:58 (Beijing time) on January 10, 2026, with a focal depth of 69 kilometers. The Ministry of Natural Resources Tsunami Warning Center, based on preliminary earthquake parameters, assesses that the earthquake may trigger a localized tsunami around the epicenter, but will not affect my countrys coast.On January 10, the Inter-Services Public Relations (ISPR) of the Islamic Republic of Pakistan (IPP) announced that Pakistani and U.S. armed forces have begun a joint counter-terrorism exercise codenamed "Inspired Gambit 2026." The press release stated that the two-week exercise is being held at the National Counter-Terrorism Centre base in Pabi, Khyber Pakhtunkhwa province, in northwestern Pakistan.On January 10th, the Yangtze River Delta Integration Model Release and Application Linkage Conference was held in Shanghai. At the conference, the Yangtze River Delta Integration Model (YRD-P1), led by Professor Zhang Xueliangs team, a member of the China Regional Economy 50 Forum and Executive Dean of the Yangtze River Delta and Yangtze River Economic Belt Development Research Institute at Shanghai University of Finance and Economics, was officially released. Professor Zhang stated that the YRD-P1 model is a specialized large-scale model built upon years of accumulated urban and regional scientific research. Relying on continuously accumulated policy documents, statistical data, academic achievements, industrial chain information, and geospatial data, the model is deeply customized for the Yangtze River Delta region, emphasizing the systematic, authoritative, and traceable nature of its knowledge system, and aiming to provide a more intelligent, accurate, and sustainable decision-making support tool for coordinated regional development.According to Irans Mehr News Agency, Iranian security forces intercepted Kurdish militants attempting to enter the country from Iraq.

GBP/USD Price Analysis: Bearish Dollar Pressure Exposes a Drop to Near 1.2500

Daniel Rogers

Apr 27, 2022 09:51

The GBP/USD pair has been collapsing like a house of cards since Friday, when it fell below the two-week-old resistance level of 1.2973. The asset has declined by around 3.70 percent during the last four trading sessions and shows no signs of reversal at the moment.

 

On a daily basis, the negative break of the Falling Channel has bolstered the greenback bulls. The chart pattern's top boundary is drawn from the June 2021 highs of 1.4249, while the lower boundary is drawn from the April 2021 low of 1.3669. When the Falling Channel is broken, volume expands and ticks get wider.

 

The 10- and 20-period Exponential Moving Averages (EMAs) are going down at 1.2838 and 1.2945, respectively, adding to the downside filters.

 

Additionally, the Relative Strength Index (RSI) (14) has moved into the negative zone of 20.00-40.00, indicating the possibility of a new downward impulsive wave.

 

Following a colossal decline, a pullback appears imminent. As a result, investors should wait for a fall to reach the 1.2800 round level roadblock before initiating new short positions. Responsive selling at 1.2800 will pull the asset towards the 1.2600 and 1.2500 round level supports, respectively.

 

On the other hand, if the asset surpasses the psychological resistance level of 1.3000, the cable may perform nicely. This will push the pair closer to Thursday's high of 1.3090, and then to a three-week high of 1.3147.

Daily GBP/USD Chart

image.png 


Suggestion