GBPUSD
GBPUSD technicals

The GBPUSD has moved to a new session low, falling below both the 100-hour (blue line on the chart above) and 200-hour moving averages Pring Green line), signaling a shift in short-term momentum. Buyers had their chance earlier above the 100-hour MA near 1.3567, but failed to hold the breakout—giving sellers an opening.

The pair is now pressing toward the next key downside target: the Friday low at 1.3514. A break below this level would confirm further bearish control and open the door toward other sport targets including 1.3505 swing level, and below that a swing area between 1.3460 and 1.34729.

For now, the bias leans bearish below the moving averages. Watch for resistance near the 100-hour MA to cap any rallies.

Source: Forex Live