• GBP/USD trades above 1.2900 down 0.13%, approaching key support at 1.2860.
  • Bearish momentum observed as RSI slope turns downward, indicating potential further declines.
  • Key support levels: 1.2860 (June 12 high) and 1.2779 (July 10 low), with further downside toward the 100-DMA at 1.2678.

The Pound Sterling extended its losses during the North American session against the US Dollar on Tuesday, clinging to the 1.2900 figure after hitting a 7-day high of 1.2887. Traders eye the next key support level of 1.2860. At the time of writing, the GBP/USD trades at 1.2914, down 0.13%.

GBP/USD Price Analysis: Technical outlook

After a five-day consolidation that witnessed the GBP/USD hitting a yearly peak of 1.3044, followed by a tall bearish candle that sent the pair drifting from around 1.3000s toward the 1.2940 mark before tumbling deeper, toward the 1.2900 figure.

Momentum, as depicted by the Relative Strength Index (RSI), remains bullish, but in the near term, sellers have moved in, as the RSI slope aims downwards.

Therefore, the GBP/USD could continue to edge lower, but first, market participants need to push the exchange rate below 1.2900. In that outcome, the next support could be the June 12 high at 1.2860, followed by July 10 low at 1.2779. A further downside is seen at the 100-day moving average (DMA) at 1.2678.

On the flip side, if buyers lift the exchange rate past 1.2940, the next resistance would be 1.3000.

GBP/USD Price Action – Daily Chart

British Pound PRICE Today

The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the New Zealand Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.42% 0.20% -0.66% 0.10% 0.42% 0.45% 0.31%
EUR -0.42%   -0.22% -1.07% -0.32% -0.01% 0.01% -0.10%
GBP -0.20% 0.22%   -0.85% -0.09% 0.23% 0.24% 0.10%
JPY 0.66% 1.07% 0.85%   0.78% 1.08% 1.09% 0.94%
CAD -0.10% 0.32% 0.09% -0.78%   0.31% 0.32% 0.19%
AUD -0.42% 0.01% -0.23% -1.08% -0.31%   0.02% -0.13%
NZD -0.45% -0.01% -0.24% -1.09% -0.32% -0.02%   -0.14%
CHF -0.31% 0.10% -0.10% -0.94% -0.19% 0.13% 0.14%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

AUD/USD holds lower ground below 0.6350 after dismal Australian data

AUD/USD holds lower ground below 0.6350 after dismal Australian data

AUD/USD keeps its offered tone intact below 0.6350 in Wednesday's Asian trading, undermined by below forecasts Australian Constuction Output and monthly CPI data. The data fan more RBA rate cut expectations. Risk-off flows and renewed US Dollar demand also add to the weight on the Aussie. 

AUD/USD News
USD/JPY: Rebound gathers steam to near 149.50

USD/JPY: Rebound gathers steam to near 149.50

USD/JPY is extending the rebound to near 149.50 in Asian trading on Wednesday. The pair tracks the upswing in the US Dollar and the US Treasury bond yields, fuelled by the US House passage of the Republican Budget plan, advancing Trump's tax plans. 

USD/JPY News
Gold buyers jump back amid tariff uncertainty

Gold buyers jump back amid tariff uncertainty

Gold price struggles to build on Tuesday’s rebound in the Asian session on Wednesday. Gold buyers try their luck as safe-haven flows return on US President Donald Trump’s tariff uncertainty and weak US economic prospects.

Gold News
Strategy stock dips as Bitcoin price crashes below $90K, sparking concerns of forced liquidation

Strategy stock dips as Bitcoin price crashes below $90K, sparking concerns of forced liquidation

Strategy witnessed an 11% stock decline on Tuesday, stirred by Bitcoin's market's plunge below $90,000 and fueling speculations of a forced liquidation for the company.

Read more
Five fundamentals for the week: Fallout from German vote, Fed's favorite figure stand out

Five fundamentals for the week: Fallout from German vote, Fed's favorite figure stand out Premium

Statements, not facts, are set to dominate the last week of February. Further fallout from Germany's elections and new comments from Trump on trade may overshadow most figures –but not the Fed's favorite inflation figure.

Read more
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025