GBPUSD extends to the topside goal space and above the 50% midpoint. Consumers in management

Early within the U.S. session, the worth hovered across the 100- and 200-hour MAs, reflecting a uneven market awaiting course. That push lastly got here from patrons, pushed by easing tariff considerations, decrease yields, and weaker U.S. information (JOLTS confirmed a decline in job openings).

The rally took the worth as much as take a look at the Asian session excessive and the 50% retracement of the decline from the December excessive at 1.24532. A break above that degree triggered additional momentum, sending the pair into the important thing swing space between 1.24739 and 1.2500.

Key Technical Ranges to Watch:

• Bullish Breakout: A sustained transfer above 1.2500 would strengthen the bullish bias and encourage additional upside exploration.
• Bearish Reversal: Sellers trying to fade the transfer could discover 1.2500 a low-risk entry level, with stops on a confirmed break above. For draw back momentum to construct, the pair would wish to fall again beneath the 50% retracement at 1.2453.

The battle between patrons and sellers is now centered round this key resistance zone, with the subsequent transfer more likely to dictate near-term course.

This text was written by Emma Wang at www.ubaidahsan.com.



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