TRENDING:

XAU/USD

EUR/USD

GBP/USD

Silver

Newsletter

GBPUSD: Closes Lower On Price Sell Off

Mohammed Isah FXTechstrategy

GBPUSD: The pair faces further weakness as it closed lower on sell off on Thursday. Support lies at the 1.3200 level where a break will turn attention to the 1.3150 level. Further down, support lies at the 1.3100 level. Below here will set the stage for more weakness towards the 1.3050 level. Its daily RSI remains biased to the downside suggesting more declines. Conversely, resistance stands at the 1.3300 levels with a turn above here allowing more strength to build up towards the 1.3350 level. Further out, resistance resides at the 1.3400 level followed by the 1.3450 level. On the whole, GBPUSD remains biased to downside pressure on trend resumption.

Interested in GBPUSD technicals? Check out the key levels

1. R3 1.3579
2. R2 1.3513
3. R1 1.3388
PP 1.3322
1. S1 1.3197
2. S2 1.3132
3. S3 1.3006

Author

Mohammed Isah

FXTechstrategy

Mohammed Isah is a technical strategist and head of research at FXTechstrategy.com, a technical-research Web site. He has been trading and analyzing the foreign exchange market since 2010.

AUD/USD keeps range near 0.6950 after Australian trade data

AUD/USD consolidates near a two-month low, trading around mid-0.6900s in the Asian session on Thursday amid a bullish US Dollar. The US PCE data tempered October Fed hike bets, though oil-driven inflation fears remain supportive of elevated US bond yields. Meanwhile, Australia's trade surplus shrank sharply in August to AUD495M, having limited impact on the Aussie Dollar and the pair.

USD/JPY sits at weekly top above 158.00 as bullish USD counters intervention risks

USD/JPY is sitting at the top end of its weekly range above 158.00 in the Asian session on Thursday. Despite the softer US PCE data, oil-driven inflation risks keep US bond yields elevated near multi-year highs. Moreover, the US-Iran standoff benefits the safe-haven US Dollar and supports the pair. Broad US Dollar strength counters hawkish BoJ expectations and Japanese intervention risks.

Gold fails ahead of $4,200 as surging US yields and Iran risks lift USD closer to YTD top

Gold struggles to capitalize on a modest intraday move up to the $4,200 neighborhood, trading nearly unchanged for the day during the first half of the European session. Despite softer-than-expected US inflation data on Wednesday, US Dollar buying remains unabated as US bond yields continue scaling new multi-year highs. This is seen as a key factor undermining demand for the non-yielding bullion.

Hyperliquid pares gains as ETF outflows cap tentative bullish recovery

Hyperliquid (HYPE) is down 2% at press time on Thursday, trimming its 5% gains from the previous day. Institutional demand is easing, with $5 million in outflows on Wednesday, weighing on near-term investors' sentiment. The technical outlook for HYPE indicates a near-term mixed tone as the price remains capped below $90.

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

EUR/USD has fallen to its lowest level since May 2025, but a fresh inflation shock in the Eurozone could give the Euro an unexpected lifeline. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082. The decline reflects a powerful combination of US Dollar strength, geopolitical uncertainty and renewed concerns about Europe's exposure to higher energy prices.

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

EUR/USD has fallen to its lowest level since May 2025, but a fresh inflation shock in the Eurozone could give the Euro (EUR) an unexpected lifeline. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082.

GBPUSD: Closes Lower On Price Sell Off

Interested in GBPUSD technicals? Check out the key levels

Broker Reviews

The Euro has slipped out of its range

News tsunami continues

The commodities feed: Oil falls as Middle East supply fears ease

XAU/USD price outlook: Navigating between Arc levels – Potential continuation toward 4,066

Long end sells off through softer PCE

Forex trading the US Nonfarm Payrolls – Gold bearish at upper trend line [Video]

Editor's Picks

AUD/USD keeps range near 0.6950 after Australian trade data

USD/JPY sits at weekly top above 158.00 as bullish USD counters intervention risks

Gold fails ahead of $4,200 as surging US yields and Iran risks lift USD closer to YTD top

Hyperliquid pares gains as ETF outflows cap tentative bullish recovery

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

Best Brokers in 2026

Interested in GBPUSD technicals? Check out the key levels

Legal Text

Editor's Picks

Best Brokers in 2026