GBP/USD is attempting a rebound after finding support near its June low at 1.3360, but technical signals point to waning bullish momentum. The upside may remain limited unless the pair overcomes key resistance around 1.3630, Société Générale's FX analysts note.
Upside capped near 1.3630 resistance
"GBP/USD has undergone a steady pullback after facing strong resistance near 1.3785 earlier this month. The pair has slipped below the 50-DMA and breached an ascending trendline established since January, signalling weakening upward momentum."
"The pair has found tentative support at the June low of 1.3360. A bounce is under way however, the upside may be capped near 1.3630, the 61.8% retracement of the recent pullback. A break below 1.3360 could lead to extension in decline."
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Investing in Clean Energy
TradingKey - Not so long ago, clean energy was relegated to a niche, a corner for subsidies, early markets, and greens. Now it's at the center of global economic thought. Governments, business, and consumers are driving a structural transformation from fossil fuels to renewables. The roofs are toppeTradingKey
16 hours ago
Investing in Luxury & Experiential Consumption
Niche assets like data centers, logistics, healthcare, and cold storage thrive on structural drivers, not traditional property cycles Specialized real estate benefits from secular trends like digitalization, demographics, and supply chain innovation, making demand resilient and less cycle-sensitiveTradingKey
18 hours ago
Oracle’s FY2026 Q1 Preview: Will OpenAI Contract Spark a Broadcom-Like Stock Surge?
TradingKey - As analysts raise targets and expectations, could Oracle’s stock replicate the post-earnings rally seen at Broadcom following its OpenAI-related contract announcement?TradingKey
Tue, Sep 9
U.S. August CPI Preview: Persistent Rise in Inflation, What Impact on Rate Cuts? And on US Stocks?
TradingKey - On 11 September 2025, the U.S. will publish August CPI data. Consensus forecasts indicate a 0.3% month-over-month increase for both headline CPI and core CPI. As a result, headline CPI year-over-year may climb to 2.9%, up from 2.7%TradingKey
Tue, Sep 9
Fed to Cut Rates: All Asset Prices Up!
TradingKey - The Federal Reserve is almost certain to restart its interest rate cut cycle on 17 September this year. After in-depth research, we have concluded that cryptocurrencies, the broader U.S. stock market, and short-term U.S. Treasury bonds will all go up.TradingKey
Mon, Sep 8
Tradingkey
