GBP/USD Price Analysis: Stays range-bound near 1.3750, closer to monthly support

GBP/USD keeps pullback from weekly top, grinds lower of late.
Downside break of 50-SMA, sluggish Momentum keep sellers hopeful.
200-DMA adds to the upside filters, 200-SMA restricts short-term downside.

Anil Panchal FXStreet

GBP/USD remains on the back foot around 1.3765, keeping the weekly trading range during Wednesday’s Asian session. In doing so, the cable pair inches closer to an ascending support line from September 29.

Given the sluggish Momentum and the quote’s latest break below the 50-SMA, the sellers are sneaking in for entries. However, the weekly trading range and the stated support line, respectively around 1.3750 and 1.3740, restrict the short-term declines.

Should GBP/USD bears manage to conquer the aforementioned supports, 200-SMA near 1.3685 will challenge the further downside.

Alternatively, an upside break of 50-SMA, around 1.3770 by the press time, will redirect the GBP/USD buyers toward the recent range resistance, near 1.3835.

Though, the 200-DMA level surrounding 1.3855 on the daily chart becomes a tough nut to crack for the bulls afterward, a break of which will challenge the previous month’s top near 1.3915.

GBP/USD: Four-hour chart

Trend: Further downside expected

Additional important levels

Overview
Today last price	1.3766
Today Daily Change	-0.0002
Today Daily Change %	-0.01%
Today daily open	1.3768

Trends
Daily SMA20	1.3648
Daily SMA50	1.3711
Daily SMA100	1.3796
Daily SMA200	1.3851

Levels
Previous Daily High	1.3792
Previous Daily Low	1.3742
Previous Weekly High	1.3834
Previous Weekly Low	1.3709
Previous Monthly High	1.3913
Previous Monthly Low	1.3412
Daily Fibonacci 38.2%	1.3773
Daily Fibonacci 61.8%	1.3761
Daily Pivot Point S1	1.3743
Daily Pivot Point S2	1.3717
Daily Pivot Point S3	1.3693
Daily Pivot Point R1	1.3793
Daily Pivot Point R2	1.3817
Daily Pivot Point R3	1.3843

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.