GBP/USD extends decline after breaking 1.3140 support – Société Générale

FXStreetNov 5, 2025 10:12 AM

View all comments（0）



GBP/USD continues to slide after breaching key support levels, with downside momentum intact and limited signs of recovery ahead, Société Générale's FX analysts note.

Deeply negative MACD signals ongoing bearish momentum

"GBP/USD gave up the 200-DMA last month and breached the lower limit of its consolidation (1.3140) resulting in extension of decline. It is approaching projections of 1.2940/1.2920, which could be an interim support."

"Daily MACD is within deep negative territory highlighting a stretched decline, however signals of a meaningful rebound are not yet visible. The moving average around 1.3250 may cap upside. Inability to overcome this hurdle can result in persistence of down move."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

PPI Report April 2026: How Inflation Data Is Moving HIMS, CEG, and PLUG Stock Today

TradingKey - Wall Street is navigating a two-day inflation gauntlet. Tuesday's CPI print for April arrived hotter than expected, rattling equity markets from telehealth to nuclear energy. Wednesday morning brings the Producer Price Index (PPI) for April — and if today's Consumer Price Index is any g

Will Nvidia Stock Pop on May 20 Earnings? How to Position Now

TradingKey - The results for Nvidia (NVDA) will be announced on May 20 after the market closes, and this report is very important for more than just one stock symbol.

Will US April PPI Ease Inflationary Pressure? Short-Term Forecasts for US Stocks, Dollar and Gold

TradingKey - The U.S. is set to release April PPI data at 8:30 AM ET on May 13. Markets widely expect the U.S. April PPI to continue its upward trend, with the consensus pointing to a year-on-year growth rate of 4.9%, up from 4.0% in March. If realized, concerns regarding the upstream transmission of inflationary pressures will further intensify.

Samsung’s Largest Strike in History: Can SK Hynix and Micron Sit Back and Reap the Benefits?

TradingKey - On May 21, 61,000 union members at Samsung Electronics will launch an 18-day general strike, following a 93.1% approval vote. Government mediation between labor and management has collapsed.

Cerebras Systems IPO 2026: Date, Price, Valuation, and Whether CBRS Is Worth Buying

TradingKey - Cerebras Systems (CBRS) IPO prices May 13–14 at $125–$135/share. $26–$27B valuation, 20x oversubscribed, $510M revenue, 47% net margin, OpenAI 750MW deal. Everything you need to know.

Featured Tools