07/04/2025
GBPUSD HIGH 1.29317 LOW 1.28190 BID 1.29183 ASK 1.29192 CHANGE -0.01% TIME 09:14:01

OUTLOOK SUMMARY

Down

TREND CONDITION

Downward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

High

Upwards scenario: Any upside actions looks limited now to resistive measure at 1.2979 (R1). Only clearance here would enable further uptrend formation towards to higher target at 1.3065 (R2). Last resistance is settled at 1.3152 (R3) today. Downwards scenario: On the other hand, possible penetration below the initial support level at 1.2840 (S1) would suggest price drop toward to next support at 1.2753 (S2) and then final target could be exposed at 1.2667 (S3) quite fast if the price keeps its downside momentum.

Resistance Levels: 1.2979, 1.3065, 1.3152

Support Levels: 1.2840, 1.2753, 1.2667