Search





Search





NewsTechnical Analysis

GBP/USD stalls near key channel resistance – Société Générale

FXStreetMay 8, 2025 9:59 AM

View all comments（0）



The GBP/USD rally is showing signs of fatigue near major resistance at 1.3430–1.3500, with momentum fading and key support at 1.3230 now under close watch, Société Générale's FX analysts note.

Momentum fades as MACD turns lower

"GBP/USD up move has stalled at the peak of last year and the upper limit of an ascending channel drawn since 2023 near 1.3430/1.3500. Daily MACD has dipped below its trigger line highlighting receding upward momentum. A brief pause is taking shape after this test."

"Recent pivot low of 1.3230 is likely to be an important support. If this is breached, GBP/USD could embark on a deeper down move towards March high at 1.3070/1.3010. Overcoming 1.3500 would be crucial to confirm a larger uptrend."

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

Like

Comments (0)

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

Commenting Guidelines

Loading...

Recommended Articles

Intel (INTC) Q2 2026 Earnings: What the Results Mean for the Stock

Intel reported Q2 2026 earnings after the close on July 23. Revenue, EPS, Data Center growth, and the first 18A external foundry revenue update. Here is what the numbers say and where INTC goes next.

SK Hynix ADR Conversion Quota 2.5% Exhausted, Arbitrage Channel Temporarily Closed, High Premium Still to Be Released

TradingKey - On July 23 ET, the Korea Securities Depository (KSD) confirmed that the initial quota for converting SK Hynix local shares into ADRs has been fully exhausted, with the conversion cap set at 2.5% of the company's total outstanding shares. KSD previously stated that two-way conversion applications would be accepted starting July 29, but the depositary bank Citi (C) has yet to announce a specific conversion timetable. Actual conversions involve procedures such as foreign exchange reporting and cannot be completed instantly on the day of application.

Palantir (PLTR) Falls 6% - NHS Scrutiny, Open-Source Rival, Earnings Aug 3

TradingKey - Palantir fell 6% today on two catalysts: UK regulators scrutinised the NHS FDP contract and a free open-source alternative called World Monitor appeared on GitHub. Q2 earnings August 3. At $125, the $122 support is the key level.

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.

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.

Featured Tools

marketing_marketsTitle

calendar_economicCalendar

Economic Calendar

search.intelligent.strategy

article_asider_weekly_report

link

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

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

Intel (INTC) Q2 2026 Earnings: What the Results Mean for the Stock

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

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