GBP/USD Price Analysis: Sellers look for monthly support below 1.3700

GBP/USD continues to grind losses on Friday in the Asian session.
Additional losses envisioned for pair if price decisively breaks 1.3680.
Momentum oscillator holds onto the oversold zone with a neutral stance.

Rekha Chauhan Independent Analyst

GBP/USD prints minor losses on Friday in the Asian session. After falling nearly 90 pips in the overnight session, from the highs of 1.3768, the pair consolidates losses near the lower levels.

At the time of writing, the GBP/USD pair is trading at 1.3691, down 0.05% for the day.

GBP/USD daily chart

On the daily chart, GBP/USD has recovered from the yearly lows on August 20 at 1.3602 to touch the high at around 1.3768.

The formation of a big red candlestick in the previous session suggests bears are in full swing.

If price breaks the session’s low, it could move lower toward the 1.3650 horizontal support level followed by the low of August 23 at 1.3612.

The Moving Average Convergence Divergence (MACD) indicator still points at the underlying bearish sentiment. Any downtick in the MACD could bring more selling opportunities.

That said, GBP/USD bears would like to test the monthly low made on July 20 at 1.3572.

Alternatively, if price moves higher, GBP/USD could touch the 1.3750 horizontal resistance level followed by the high of August 18 at 1.3786.

Next, the market participants will encourage to touch the 1.3820 horizontal resistance level.

GBP/USD additional levels

GBP/USD

Overview
Today last price	1.3694
Today Daily Change	-0.0006
Today Daily Change %	-0.04
Today daily open	1.37

Trends
Daily SMA20	1.3807
Daily SMA50	1.3822
Daily SMA100	1.3921
Daily SMA200	1.3801

Levels
Previous Daily High	1.3768
Previous Daily Low	1.3689
Previous Weekly High	1.3879
Previous Weekly Low	1.3602
Previous Monthly High	1.3984
Previous Monthly Low	1.3572
Daily Fibonacci 38.2%	1.3719
Daily Fibonacci 61.8%	1.3738
Daily Pivot Point S1	1.367
Daily Pivot Point S2	1.364
Daily Pivot Point S3	1.3591
Daily Pivot Point R1	1.3749
Daily Pivot Point R2	1.3798
Daily Pivot Point R3	1.3828

Author

Rekha Chauhan

Independent Analyst

Rekha Chauhan has been working as a content writer and research analyst in the forex and equity market domain for over two years.

EUR/USD gains traction to near 1.1800 as tariff uncertainty weighs on US Dollar

The EUR/USD pair holds positive ground around 1.1795 during the early Asian session on Tuesday. The US Dollar weakens against the Euro amid US tariff uncertainty. The release of the US January Producer Price Index report will be in the spotlight later on Friday.

GBP/USD treads water near 1.3500 as BoE-Fed divergence debate stalls

GBP/USD spent Monday spinning in place as market participants await a fresh catalyst to break the pair out of its recent range. The BoE's February hold came with a surprisingly dovish 5-4 split, and UK Consumer Price Index data last week showed inflation easing to 3.0%, reinforcing the case for earlier rate cuts, with most economists now looking to April or March for the next move.

Gold down but not out as key $5,140 support holds

Gold consolidates the advance to monthly top of $5,250 in Tuesday’s Asian trades. The US Dollar finds demand as liquidity returns and risk sentiment recovers, despite US tariffs uncertainty. Gold defends 61.8% Fibo resistance at $5,142 amid the pullback, daily RSI remains bullish.

Top Crypto Losers: BCH, HYPE, PUMP extend losses as Bitcoin drops below $64,000

Altcoins, including Bitcoin Cash, Hyperliquid, and Pump.fun, are leading losses over the last 24 hours as Bitcoin falls below $64,000 on Tuesday. The technical outlook for BCH, HYPE, and PUMP flags downside risk amid broader market selling.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

XRP recovers slightly as bearish sentiment dominates crypto market

Ripple is rising above $1.40 at the time of writing on Monday amid fresh tariff-triggered headwinds in the broader cryptocurrency market. The sell-off to $1.33, the token’s intraday low, can be attributed to macroeconomic uncertainty, geopolitical tensions and risk-averse sentiment among other factors.