GBP/USD looks firm and retargets 1.3200 and beyond

FXStreetApr 14, 2025 4:10 PM

View all comments（0）



GBP/USD revisits the 1.3200 area at the beginning of the week.

The move higher in Cable is fuelled by further weakness in the US Dollar.

Trump’s tariffs remain front and centre of the FX universe.

In quite a positive start to the new trading week, the British pound managed to extend its bullish momentum, sending GBP/USD to multi-day peaks around the 1.3200 neighbourhood.

GBP/USD up on USD-selling, looks at tariffs

Indeed, Cable clinches its fifth daily advance in a row bolstered by the continuation of the downward trend in the Greenback, which comes in tandem with declining US yields across the curve, while the 10-year gilt yields also head southwards.

The generalised improved sentimentin the risk-associated space comes in response to somewhat alleviated jitters on the tariffs scenario, particulalry after President Trump said over the weekend that smartphones and computers will be temporarily exempted from the recently announced tariffs on Chinese imports.

Levels to watch

Currently, a move above the 2025 peak at 1.3207 (April 3), should expose a potential visiti to the 2024 top at 1.3434 (September 26).

On the downside, initial support comes at the always-relevant the 200-day SMA at 1.2817 prior to the April trough at 1.2707 (April 7) and the interim 100-day SMA at 1.2643.

In terms of momentum indicators, the Relative Strength Index (RSI) indicates a solid bullish stance near 65, while the Average Directional Index (ADX) around 27 suggest a moderated strength of the trend.

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

Today’s Market Recap: Oil Prices Weigh on Tech Sector, Google Cloud Concerns Linger, Tesla Sold Off

TradingKey - As tensions between the U.S. and Iran continue to escalate, oil prices surged to a six-week high, weighing on tech stocks. At the close of trading on July 22, Eastern Time, the Dow Jones Industrial Average fell 0.01% to 52,219.35; the Nasdaq Composite Index fell 0.57% to 25,690.90; the

Google Q2 Cloud Revenue Surges 82%: Net Profit Soars 298% YoY, 26% QoQ Capital Expenditure Growth Sparks Sharp Bull-Bear Divide

TradingKey - Alphabet (GOOGL, GOOG) released its second-quarter 2026 financial results after the close of U.S. markets on July 22, Eastern Time. As of press time, Google’s revenue for the period reached $119.796 billion, up 24% year-over-year (23% on a constant currency basis), exceeding market expectations of $116.93 billion. This marks the company's 12th consecutive quarter of double-digit revenue growth. Notably, Google Cloud performance was a highlight, with revenue surging 82% year-over-year to $24.8 billion.

SpaceX Shares Fall Over 5% to Hit New All-Time Low: Plans New Data Center in Texas, Morgan Stanley Warns xAI Capex May Reach $120 Billion

TradingKey — On July 22, Eastern Time, SpaceX (SPCX) shares hit a new record low, falling 5.32% to $116.97 as of publication. Reports indicate that SpaceX AI is further increasing its investment in data center construction, with a scale comparable to the gigawatt-level capacity of the existing Memphis campus. However, the company's Q1 AI-related capital expenditure has surged to $7.7 billion, approximately three times the amount from the same period last year. Morgan Stanley analysts predict that xAI will consume a total of up to $120 billion in cash between 2026 and 2027—a figure nearly 1.6 times the $75 billion raised in SpaceX's IPO.

Western Digital (WDC) Surges 12.5% to $548 - Kioxia Merger Talks, $900 Analyst Target

TradingKey - Western Digital surged 12.5% to $548 today as memory stocks rebounded and Kioxia merger talks resumed. HDD production is sold out through 2026. Cantor Fitzgerald targets $900, Citi $800. Earnings August 5. Here is the setup.

Alphabet Q2 Earnings Preview: $190 Billion AI Gamble Faces Major Test, Can Google Cloud Still Sustain the Growth Myth?

TradingKey - Alphabet (GOOGL) (GOOG) will release its second-quarter 2026 financial results after the U.S. market close on July 22. As one of the world's most valuable technology companies by market capitalization, Alphabet’s business spans multiple sectors including search advertising, YouTube, Google Cloud, generative AI, and autonomous driving. Its earnings performance not only impacts its own stock price but is also regarded as a crucial bellwether for the global AI investment cycle.

Featured Tools