- The GBP/USD can find the initial support in a minimum of two months in 1,3365.
- The 14 -day relative force (RSI) index remains below level 50, reinforcing the bassist trend.
- The main barrier appears around the upper limit of the descending channel, aligned with the nine -day EMA in 1,3460.
The GBP/USD torque It moves up for the second consecutive day, quoting around 1,3420 during the Asian hours of Monday. However, the bearish bias persists since the technical analysis of the daily graphic It indicates that the torque is maintained within the descending channel pattern.
The 14 -day relative force (RSI) index remains below level 50, strengthening the bassist trend. However, the GBP/USD torque is positioned below the nine -day exponential (EMA) mobile average, suggesting that the short -term pricing impulse is weaker.
In the lower part, the GBP/USD torque could go to the main support in a minimum of two months in 1,3365. A successful rupture below this level could exert down pressure on the torque to navigate the region around the lower limit of the descending channel near the psychological level of 1,3300.
The GBP/USD torque could try the immediate barrier around the upper limit of the descending channel, aligned with the 9 -day EMA of 1,3460 and followed by the 50 -day EMA in 1,3465. A rupture above this crucial zone could improve the impulse of prices in the short and medium term and support the torque to explore the region around 1,3788, the highest level since October 2021, which was recorded on July 1.
GBP/USD: Daily graphic
LIBRA ESTERLINA PRICE TODAY
The lower table shows the percentage of pounding sterling (GBP) compared to the main currencies today. Libra sterling was the strongest currency against the New Zealand dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.01% | -0.03% | 0.21% | 0.02% | 0.06% | 0.25% | -0.02% | |
| EUR | 0.01% | 0.06% | 0.22% | 0.00% | 0.04% | 0.09% | -0.05% | |
| GBP | 0.03% | -0.06% | -0.04% | -0.00% | 0.00% | 0.25% | 0.09% | |
| JPY | -0.21% | -0.22% | 0.04% | -0.18% | -0.11% | -0.00% | -0.06% | |
| CAD | -0.02% | -0.01% | 0.00% | 0.18% | 0.11% | 0.25% | -0.08% | |
| Aud | -0.06% | -0.04% | -0.01% | 0.11% | -0.11% | 0.13% | 0.05% | |
| NZD | -0.25% | -0.09% | -0.25% | 0.00% | -0.25% | -0.13% | -0.16% | |
| CHF | 0.02% | 0.05% | -0.09% | 0.06% | 0.08% | -0.05% | 0.16% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the sterling pound from the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the GBP (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
