GBP/USD may fall toward the three-month low of 1.3218
The post GBP/USD may fall toward the three-month low of 1.3218 appeared on BitcoinEthereumNews.com.
GBP/USD Price Forecast: Tests 1.3300 support as bearish bias prevails GBP/USD inches lower after registering nearly 0.75 gains in the previous session, trading around 1.3310 during the Asian hours on Tuesday. The short-term bias stays mildly bearish as spot holds below the declining nine-day Exponential Moving Average (EMA) and now trades under the flatter 50-day EMA, signalling fading upside momentum. The recent sequence of lower closes from the 1.36 area and failure to reclaim the short-term average confirms that rallies remain vulnerable to renewed downside interest. Additionally, the technical analysis of the daily chart indicates a persistent bearish bias, as the pair moves downwards within the descending channel pattern. Moreover, the 14-day Relative Strength Index (RSI) sits around 39, below the 50 midline but off oversold extremes, signalling persistent selling pressure without capitulation. Read more… GBP/USD gained almost 0.75% on Monday, bouncing from Friday’s low close to 1.3220 to settle on the high side of 1.3300. The session’s recovery looks corrective rather than the start of a new trend; the pair remains in a clear downtrend from the late-January high near 1.3870, and Monday’s candle has yet to challenge the cluster of resistance around the 200-day Exponential Moving Average (EMA). Price has closed below all of its key moving averages for several sessions, and the burden of proof sits with buyers. Three high-impact events over the next three days will determine whether the bounce has legs. First up is the Federal Reserve (Fed) rate decision on Wednesday, where markets expect a hold at 3.75%, but the accompanying Summary of Economic Projections (SEP) and Chair Powell’s press conference carry significant weight for US Dollar (USD) direction; any hawkish signal on the rate path would add downside pressure to the pair. Read more… GBP/USD Price Analysis: Cable rebounds as markets digest US–Iran war The GBP/USD…
Filed under: News - @ March 17, 2026 4:25 am