- GBP/USD falls 0.15%, decisively breaking below the 1.3000 mark and testing the 100-DMA for the first time since August 2024.
- Momentum signals bearish control, with the RSI nearing recent lows, potentially pushing the pair toward the 1.2915/20 support zone.
- A break below 1.2915 could lead to a test of key support at 1.2798, while resistance lies at 1.2990 and the 50-DMA at 1.3135.
The Pound Sterling extended its losses against the US Dollar for two straight days, with sellers clearing the 1.3000 figure decisively, which could pave the way for further downside. At the time of writing, the GBP/USD trades at 1.2961, fluctuating around the 100-day moving average (DMA), down 0.15%.
GBP/USD Price Forecast: Technical outlook
The GBP/USD is testing the 100-DMA for the first time since early August 2024. Although the pair hit a daily low of 1.2944, sellers lacked the strength to push the spot price toward the bottom trendline of an ascending channel.
Momentum shows that sellers are in charge. The Relative Strength Index (RSI) is dipping towards its most recent low, which, once broken, would signal bears to exert pressure on the pair.
If GBP/USD presses toward the bottom trendline and clears the support at around 1.2915/20, the exchange rate could likely hit 1.2900. The next key support level would be the confluence of the August 15 low and the 200-DMA at 1.2798
Conversely, if buyers stepped in and push the exchange rate past 1.2990, a move toward 1.3000 is on the cards. The next major resistance is found at the 50-DMA at 1.3135.
GBP/USD Price Chart – Daily
British Pound PRICE Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.08% | 0.11% | 0.09% | -0.06% | -0.37% | -0.28% | -0.08% | |
| EUR | -0.08% | 0.04% | 0.03% | -0.14% | -0.47% | -0.34% | -0.14% | |
| GBP | -0.11% | -0.04% | -0.02% | -0.17% | -0.50% | -0.39% | -0.19% | |
| JPY | -0.09% | -0.03% | 0.02% | -0.14% | -0.46% | -0.38% | -0.17% | |
| CAD | 0.06% | 0.14% | 0.17% | 0.14% | -0.31% | -0.22% | -0.03% | |
| AUD | 0.37% | 0.47% | 0.50% | 0.46% | 0.31% | 0.10% | 0.29% | |
| NZD | 0.28% | 0.34% | 0.39% | 0.38% | 0.22% | -0.10% | 0.20% | |
| CHF | 0.08% | 0.14% | 0.19% | 0.17% | 0.03% | -0.29% | -0.20% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD retreats from fresh multi-year highs, holds above 1.1000
EUR/USD neared 1.1150 in the European session on Thursday, shedding roughly 100 pips afterwards. The Euro holds on to solid gains amid broad US Dollar weakness, after US President Trump unveiled aggressive tariffs on the "Liberation Day." Markets await mid-tier US data releases.
GBP/USD surges to multi-month tops near 1.3200 ahead of US data
GBP/USD paused its rally after briefly surpassing the 1.3200 mark, yet holds on to most of its intraday gains. The US Dollar plunged to a fresh YTD low amid worries about a tariff-driven US economic slowdown, lifting Fed rate cut bets and weighing on the Greenback. The focus now remains on the US data for further impetus.
Gold retreats below $3,100 from all-time peak
Gold price extends its steady intraday pullback from the all-time peak touched this Thursday, and pierces the $3,100 mark in the European session. Bullish traders opt to take some profits off the table and lighten their bets around the commodity amid slightly overbought conditions.
SOL is the winner as Solana chain turns into battleground for meme coin launchpad and DEX
Solana (SOL) gains nearly 2% in the last 24 hours and trades at 118.28 at the time of writing on Thursday. A Decentralized Exchange (DEX) and a meme coin launchpad built on the Solana blockchain have waged a war for users and compete for the trade volume on the chain.
Trump’s “Liberation Day” tariffs on the way
United States (US) President Donald Trump’s self-styled “Liberation Day” has finally arrived. After four straight failures to kick off Donald Trump’s “day one” tariffs that were supposed to be implemented when President Trump assumed office 72 days ago, Trump’s team is slated to finally unveil a sweeping, lopsided package of “reciprocal” tariffs.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.