GBPUSD Outlook: Cable looks for direction signal

Slobodan Drvenica Windsor Brokers

GBPUSD

Cable holds within tight range in early Wednesday’s trading, with slight bullish bias following Tuesday’s positive close and recent M&A news.
Immediate downside risk following political turmoil in the UK is sidelined for now, but risk aversion on renewed trade war concerns and bearishly aligned techs (thick daily cloud continues to weigh along with south-heading momentum and slow stochastic) may limit upside attempts.
Bullish signal could be expected on violation of upper pivots at 1.3380 (daily cloud base/falling 55SMA) while converged 10/20SMA’s mark lower trigger at 1.3215, loss of which would be a bearish signal.

Res: 1.3301; 1.3362; 1.3380; 1.3446
Sup: 1.3248; 1.3215; 1.3189; 1.3114

Interested in GBPUSD technicals? Check out the key levels

1. R3 1.3389
2. R2 1.3346
3. R1 1.331
PP 1.3267
1. S1 1.3231
2. S2 1.3188
3. S3 1.3152

Author

Slobodan Drvenica

Windsor Brokers

Industry veteran with over 22 years’ experience, Slobodan Drvenica joined Windsor Brokers in 1995 when he was an active trader for more than 10 years, managing the trading desk and own account departments.

EUR/USD extends its optimism past 1.1900

EUR/USD retains a firm underlying bid, surpassing the 1.1900 mark as the NA session draws to a close on Monday. The pair’s persistent uptrend comes as the US Dollar remains on the defensive, with traders staying cautious ahead of upcoming US NFP prints and CPI data.

GBP/USD tilts bullish as markets barrel toward mid-week NFP print

GBP/USD is holding a broader bullish structure on the daily chart, with price trading well above the 50 Exponential Moving Average at 1.3507 and the 200 EMA at 1.3310, confirming the intermediate uptrend that has been in place since the November 2025 low near 1.2300.

Gold pushes back above $5,000

The daily chart shows spot Gold in a parabolic uptrend that accelerated sharply from the $4,600 area in late January, printing a record high at $5,598.25 before a violent reversal erased nearly $1,000 in value during the final days of the month.

Litecoin eyes $50 as heavy losses weigh on investors

Following a strong downtrend across the crypto market over the past week, Litecoin holders are under immense pressure. The Bitcoin fork has trimmed about $1.81 billion from its market capitalization since the beginning of the year, sending it below the top 20 cryptos by market cap.

Japanese PM Takaichi nabs unprecedented victory – US data eyed this week

I do not think I would be exaggerating to say that Japanese Prime Minister Sanae Takaichi’s snap general election gamble paid off over the weekend – and then some. This secured the Liberal Democratic Party (LDP) an unprecedented mandate just three months into her tenure.

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.