GBP/USD Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Pivot point at $1.26157: A decisive break higher could lead to $1.26476.

- Support at $1.25363: A breach here may drive a move toward $1.24874.

- RSI at 52: Neutral territory, signaling consolidation with potential for breakout.

GBP/USD is trading at $1.25792, up 0.09%, reflecting cautious optimism amid mixed technical signals. On the 4-hour chart, the pair remains above its 50 EMA at $1.25722, suggesting moderate support for current levels.

The pivot point at $1.26157 is a critical barrier; a sustained move above this level could target immediate resistance at $1.26476, followed by $1.26747.

On the downside, immediate support lies at $1.25363, with further levels at $1.25112 and $1.24874. A break below $1.25363 would likely shift momentum toward bearish territory, exposing the pair to declines toward $1.24874 or lower.

Technical indicators paint a neutral-to-slightly-bullish picture. The RSI stands at 52, indicating consolidation near the midpoint of the range. While not overbought, the pair lacks significant upward momentum, keeping price action restrained.

The outlook hinges on the pivot point at $1.26157. A breakout above this key level would affirm bullish sentiment and open the door for a move toward $1.26476 and beyond.

Conversely, failure to hold above the 50 EMA at $1.25722 or a decisive break below $1.25363 could prompt sellers to regain control, leading to short-term bearish pressure.

GBP/USD - Trade Ideas

Entry Price – Sell Below 1.25792

Take Profit – 1.25337

Stop Loss – 1.26107

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$455/ -$315

Profit & Loss Per Mini Lot = +$315/ -$31