How Will GBP/USD Move at the End of the Trading Session?
Hello everyone! Let’s take a look at how GBP/USD might move as we approach the final trading session of the week.
As expected, GBP/USD declined yesterday, extending its losses below 1.2580 in today’s session, with no signs of a bullish correction yet. Uncertainty surrounding tariff policies from U.S. President Donald Trump has weakened the British pound against the U.S. dollar, making GBP/USD look even more bearish.
Technical Outlook: GBP/USD is targeting lower levels, with the trend channel under pressure. The pair has dropped to the EMA 34 and 89 levels, reinforcing the probability of further downside momentum. If buyers continue to lose ground to the bears, 1.2460 will be the next major support level to defend.
As expected, GBP/USD declined yesterday, extending its losses below 1.2580 in today’s session, with no signs of a bullish correction yet. Uncertainty surrounding tariff policies from U.S. President Donald Trump has weakened the British pound against the U.S. dollar, making GBP/USD look even more bearish.
Technical Outlook: GBP/USD is targeting lower levels, with the trend channel under pressure. The pair has dropped to the EMA 34 and 89 levels, reinforcing the probability of further downside momentum. If buyers continue to lose ground to the bears, 1.2460 will be the next major support level to defend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.