Forex 2.00
Posted June 25, 2026

GBPUSD

Buy
BUY
Entry Price
1.3150

Signal Details

Direction
Buy
Entry Price
1.3150
Risk: Reward
1:1.25

Trade Levels

Stop Loss
1.3070
Take Profit 1
1.3200
Take Profit 2
1.3250

Technical Chart

Market Analysis

The British pound is catching a modest bid against the US dollar Thursday morning following a sharp retreat.


Key Indicators

  • Price action remains weak. However, price is approaching a key area of interest, where ascending support aligns with the 1.3130/00 zone, which could act as a demand area.

Fundamental Context

The currency pair slightly rebounded from the early losses. However, the overall momentum remains mixed as a stronger dollar and growing expectations of Federal Reserve rate hikes continue to weigh on prices.

Risk Alert

From a technical perspective, the overall trend remains neutral to bearish following the recent sharp retreat. For a sustained recovery, the bulls need to assert control by achieving a decisive, long-range close above the 100-day simple moving average (SMA).