GBP/USD Reversal Triggers Bearish Pressure, $1.3450 In Focus

Key Highlights

  • GBP/USD was rejected near the 1.3650 resistance.
  • It traded below a bullish trend line with support at 1.3580 on the 4-hour chart.
  • EUR/USD could struggle to stay above 1.1650 if it remains below 1.1750.
  • USD/JPY is showing signs of more upside above the 158.00 resistance.

GBP/USD Technical Analysis

The British Pound failed to surpass 1.3650 against the US Dollar. GBP/USD reacted to the downside and traded below the 1.3600 support.

Looking at the 4-hour chart, the pair traded below a bullish trend line with support at 1.3580. There was a sharp decline below 1.3550 and the 100 simple moving average (red, 4-hour). If the bears remain in action, the pair could continue to move down.

The first major support sits at the 200 simple moving average (green, 4-hour) at 1.3455. The next support could be 1.3400. A close below 1.3400 might initiate a drop to 1.3320.

On the upside, the pair faces resistance at 1.3550 and the 100 simple moving average (red, 4-hour). The first major resistance sits at 1.3580. The main resistance could be 1.3650. A close above 1.3650 could open doors for gains above 1.3680. In the stated case, the bulls could aim for a move to 1.3800.

Looking at EUR/USD, the pair is again moving lower, and the bears could aim for a clear move below the 1.1650 support.

Upcoming Key Economic Events:

  • US Initial Jobless Claims – Forecast 205K, versus 200K previous.
  • US Retail Sales for April 2026 (MoM) – Forecast +0.5%, versus +1.7% previous.

Source link

Visited 1 times, 1 visit(s) today

Related Article

EUR/USD and GBP/USD Return to Ranges Ahead of Key Data

EUR/USD and GBP/USD Return to Ranges Ahead of Key Data

European currencies have moved into a corrective phase following recent gains, while market participants focus on upcoming macroeconomic data from the UK, the eurozone and the United States. After a strong upward move, both currencies returned to their previous trading ranges, signalling a shift towards consolidation ahead of important economic releases. Additional pressure on the

AUD/USD Hourly Chart

What It Is & How It Works (2026 Guide)

No strategy works every time, but some are more beginner-friendly than others. These three are the forex trading strategies worth starting with. Trend Following The idea is to trade in the direction the market is already moving. If a currency pair is making higher highs and higher lows on a daily or 4-hour chart, the

US PPI Surges to Highest Since 2022 as Upstream Inflation Pressures Intensify

US PPI Surges to Highest Since 2022 as Upstream Inflation Pressures Intensify

US producer prices surged far more than expected in April, reinforcing concerns that inflation pressures are broadening across the economy and strengthening the case for the Federal Reserve to keep policy restrictive for longer. Headline PPI rose 1.4% mom, accelerating from 0.7% mom previously and well above expectations of 0.5% mom. The increase marked the

Silver Surges as India Hikes Import Duty. Forecast as of 13.05.2026 | LiteFinance

Silver Surges as India Hikes Import Duty. Forecast as of 13.05.2026

2026.05.13 2026.05.13 Silver Surges as India Hikes Import Duty. Forecast as of 13.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The persistent shortage in the physical silver market and its role as a hedge against macroeconomic risks outweigh the downside factors. Even the latest inflation report has failed to derail the XAG/USD rally. Let’s discuss this in more detail and

AiTradeBtc

AiTradeBtc Strengthens AI Trading Infrastructure With Scalable Participation Options for Forex and Stock Traders.

AiTradeBtc AiTradeBtc is building within that reality. The platform’s AI trading bots are designed to handle strategy execution, real-time market monitoring, and risk management automatically, giving investors access to a fully managed, verified forex and stock trading environment without requiring prior experience or technical knowledge. London, UK, May 13, 2026 (GLOBE NEWSWIRE) — AI-Driven Quantitative

Gold Stands at the Back Foot as Dollar Benefits from Higher US Inflation

Gold Stands at the Back Foot as Dollar Benefits from Higher US Inflation

Gold holds in red for the second consecutive day, pressured by stronger dollar on growing uncertainty in the Middle East and sidelined expectations for potential Fed rate cuts, as inflation in the US rose further (both consumer and producer price index rose significantly in April). Fundamentals, however, show mixed signals as Fed is likely to

Crypto Influencers to Follow 2026

Crypto Influencers to Follow 2026

Facebook still gives traders a fast way to spot active market commentary, and the top 10 crypto traders on Facebook usually stand out through consistent analysis, public discussion, and an audience that keeps returning for updates. For readers trying to find useful crypto voices, the strongest pages tend to blend market insight with practical education,

EUR/AUD Mid-Day Outlook - ActionForex

EUR/AUD Mid-Day Outlook – ActionForex

Daily Pivots: (S1) 1.6169; (P) 1.6231; (R1) 1.6262; More… EUR/AUD’s fall from 1.6842 resumed after brief consolidations and intraday bias is back on the downside. Decisive break of 1.6125 will resume larger fall from 1.8554. Next target is 1.5913 fibonacci level. Nevertheless, break of 1.6293 resistance will indicate short term bottoming, and turn bias back

Snapper Creek Energy Expands Platform with Launch of Foreign Exchange Desk

Snapper Creek Energy Expands Platform with Launch of Foreign Exchange Desk

Tim Cunningham Joins Snapper Creek as Head of FX, Bringing Decades of Institutional Foreign Exchange Expertise New Desk Extends Snapper Creek’s Reach into Global Currency Markets, Serving the Same Institutional Client Base Across Energy and Financial Markets MIAMI, May 13, 2026–(BUSINESS WIRE)–Snapper Creek Energy (“Snapper Creek” or “SCE”), an innovative data-driven commodity brokerage specializing in

USD/JPY Continues to Climb Amid External and Domestic Pressures

USD/JPY Continues to Climb Amid External and Domestic Pressures

USD/JPY rose to 157.65 on Wednesday, marking a third consecutive day of gains. The yen came under pressure following stronger-than-expected US inflation data, reinforcing expectations that the Federal Reserve will maintain its hawkish stance. Market focus remains on the Bank of Japan. Following its April meeting, some policymakers signalled the possibility of a further rate

EUR/USD Revisits Support While USD/JPY Eyes Bigger Recovery Move

EUR/USD Revisits Support While USD/JPY Eyes Bigger Recovery Move

EUR/USD declined from 1.1800 and traded below 1.1750. USD/JPY is rising and might gain pace above 158.00 and 158.80. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline after a decent move to 1.1800. There was a break below a key bullish trend line with support at 1.1765 on the

WTI Crude Oil Signals Breakout, Momentum Points To Fresh Rally

WTI Crude Oil Signals Breakout, Momentum Points To Fresh Rally

Key Highlights WTI Crude Oil started a fresh increase above $98.00 and $100.00. It cleared a key bearish trend line with resistance at $99.20 on the 4-hour chart of XTI/USD. Gold is struggling to settle above the $4,760 and $4,780 resistance levels. EUR/USD failed to gain pace for a move above 1.1800. WTI Crude Oil

AriseAlpha Launches AI Trading Bot to Unlock Smarter Opportunities Across Bitcoin, Stock, and Forex Markets in 2026

AriseAlpha Launches AI Trading Bot to Unlock Smarter Opportunities Across Bitcoin, Stock, and Forex Markets in 2026

NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) — As global financial markets grow more interconnected and fast-paced, investors are actively seeking intelligent tools to navigate opportunities across multiple asset classes. AriseAlpha today announced the launch of its free AI trading bot,  designed to unlock smarter automated opportunities in Bitcoin, stock, and forex markets. Rising Demand for Multi-Asset

USD/CHF Mid-Day Outlook - ActionForex

USD/CHF Mid-Day Outlook – ActionForex

Daily Pivots: (S1) 0.7759; (P) 0.7776; (R1) 0.7791; More…. USD/CHF’s rec continues today but stays below 0.7847 resistance. Intraday bias remains neutral and further decline is expected. On the downside, decisive break of 0.7760 will resume the whole decline form 0.8041, and target 100% projection of 0.8041 to 0.7774 from 0.7923 at 0.7656. However, firm

USD/JPY Mid-Day Outlook - ActionForex

USD/JPY Mid-Day Outlook – ActionForex

Daily Pivots: (S1) 156.63; (P) 156.94; (R1) 157.46; More… Intraday bias in USD/JPY stays neutral and outlook is unchanged. On the downside, below 156.41 minor support will bring retest of 155.01. Firm break there will resume the fall from 160.71 to 152.25 support next. On the upside, however, firm break of 157.92 will indicate that

Pound Weakens Amid Political Uncertainty. Forecast as of 12.05.2026 | LiteFinance

Pound Weakens Amid Political Uncertainty. Forecast as of 12.05.2026

2026.05.12 2026.05.12 Pound Weakens Amid Political Uncertainty. Forecast as of 12.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Keir Starmer’s position has been under threat for quite some time, but the Labour Party’s defeat in the local elections has only intensified speculation about a possible replacement of the prime minister. Rising political risks are weighing on the GBP/USD pair. Let’s

0
Would love your thoughts, please comment.x
()
x