Simple Moving Average Technical Analysis on the GbpUsd pair market on Sunday, July 12, 2026 Seller determination strengthened again in trading on the GbpUsd pair market on Friday at the end of last week after sellers managed to intervene in the GbpUsd pair market by entering larger and stronger since the start of the session, blocking the bullish attempts made by buyers below the seller resistance area at 1.3448-1.3447, which allowed price action to be controlled and reverse direction from bullish to an even stronger bearish move by maximizing selling pressure.
Observed on the Daily timeframe using Moving Average technicals, it appears the GbpUsd pair market has been taken over in dominance by sellers who entered more dominantly than buyers, once again pushing price down bearishly towards the area below the Red MA 50, Blue MA 100 and Yellow MA 200, which are close together around 1.3400-1.3398, supported by the formation of a strong bearish candlestick indicating that the GbpUsd pair market still has the potential to fall deeper into bearish territory on Monday. Sellers will continue to strengthen their bearish pressure so as to increase the chances of reaching the nearest buyer demand support area at 1.3351-1.3350 as the main target that must be broken to open up the potential for an even deeper bearish move. If it fails again, then price can once more be taken over by buyers. Trading on Monday is expected to see price movement likely dominated by sellers who manage to enter more strongly than buyers, so they can continue to push the GbpUsd pair price down bearishly towards the nearest buyer support area at 1.3370-1.3369. If this area is also successfully broken strongly by sellers, then the GbpUsd pair price will continue to drop deeper into bearish territory with a target at the next Support area located at 1.3346-1.3345. However, if buyers are able to defend their nearest support area, then price has the potential to strengthen higher with a target at the nearest seller resistance area at 1.3433-1.3434. If the nearest resistance area is successfully broken strongly, then the GbpUsd pair price will soar even higher in a bullish move with a target at the next seller resistance area at 1.3473-1.3474.
