GBP/USD technical analysis: Cable off daily lows trading sub-1.2478 in the New York session

GBP/USD starts the week by weakening below the 1.2500 figure.
The level to beat for bears are at 1.2433 and 1.2388, according to the Technical Confluences Indicator.

Flavio Tosti Independent Analyst

GBP/USD daily chart

Cable is trading in a bear trend below its main daily simple moving averages (DSMAs). The US Dollar is stronger accross the board as the market is antcipating smaller rate cuts.

GBP/USD 4-hour chart

Cable is trading below the 1.2478 resistance and the main SMAs. If bears break below the current daily low at 1.2455 they could drive the market down towards 1.2433 and 1.2388, according to the Technical Confluences Indicator.

GBP/USD 30-minute chart

GBP/USD is off the daily lows challenging the 200 SMA. The 50 SMA crossed below the 100 SMA wich can be considered bearish. Immediate resistances are seen at 1.2478 and 1.2543.

Additional key levels

GBP/USD

Overview
Today last price	1.2475
Today Daily Change	-0.0028
Today Daily Change %	-0.22
Today daily open	1.2503

Trends
Daily SMA20	1.2569
Daily SMA50	1.2646
Daily SMA100	1.2868
Daily SMA200	1.2875

Levels
Previous Daily High	1.2557
Previous Daily Low	1.2476
Previous Weekly High	1.2579
Previous Weekly Low	1.2382
Previous Monthly High	1.2784
Previous Monthly Low	1.2506
Daily Fibonacci 38.2%	1.2507
Daily Fibonacci 61.8%	1.2526
Daily Pivot Point S1	1.2467
Daily Pivot Point S2	1.2431
Daily Pivot Point S3	1.2387
Daily Pivot Point R1	1.2548
Daily Pivot Point R2	1.2593
Daily Pivot Point R3	1.2629

Author

Flavio Tosti

Independent Analyst

EUR/USD shifts its attention to 1.1900 and above

EUR/USD has shaken off Tuesday’s dip, pushing back beyond the 1.1800 mark amid decent gains as Wednesday’s session draws to a close. The rebound is largely driven by a modest pullback in the US Dollar, as markets digest the aftermath of President Trump’s SOTU speech and continue to monitor trade-related headlines and signals from the White House.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

UK financial watchdog advances stablecoin oversight as four firms pilot issuance

The Financial Conduct Authority (FCA) in the United Kingdom (UK) is advancing toward the final stablecoin regulatory framework with a pilot program involving four companies, including Monee, Financial Technologies ReStabilise, Revolut and VVTX.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.