GBP/USD, Thursday, July 10, 2025.
Rumors of the Fed's future dovish policy have created negative sentiment towards the USD, potentially helping the pound sterling strengthen again today.
Key Levels
1. Resistance. 2 : 1.3642.
2. Resistance. 1 : 1.3612.
3. Pivot : 1.3587.
4. Support. 1 : 1.3557.
5. Support. 2 : 1.3532.
Tactical Scenario
Positive Reaction Zone: If Cable successfully breaks through and closes above 1.3612, it has the potential to continue strengthening to 1.3642.
Momentum Extension Bias: If 1.3642 is successfully broken through and closes above it, GBP/USD has the potential to continue strengthening to 1.3667.
Invalidation Level / Bias Revision
Upside bias weakens when GBP/USD breaks through and closes below 1.3532.
Technical Summary
With the 20-EMA position above the 50-EMA and supported by the RSI(14) at the Neutral Bullish level (56.43), GBP/USD has the potential to strengthen.
Economic News Release Agenda:
US - Unemployment Claims 7:30 PM WIB
