British Pound Technical Outlook: GBP/USD Rebound Challenges September Downtrend
Sterling has rallied sharply from key support, with GBP/USD at an inflection point that could determine whether a larger recovery is underway.
Written by
Michael Boutros
Sr. Technical Strategist
British Pound Technical Outlook: GBP/USD Multi-Timeframe Analysis
Sterling is testing major support near 1.3194 as Michael Boutros, StoneX Media Senior Market Analyst, maps the British pound's key levels across weekly, daily and four-hour charts. An upward revision to UK GDP has supported a rebound, but sterling still needs to clear resistance near 1.3302-1.3314 to strengthen the case for a near-term low. A close below 1.3194 could put the yearly range at risk as U.S. employment and inflation data shift rate expectations. Like and subscribe for more financial market insights.
This content was created by an affiliate of StoneX Trading and represents the views and opinions of the author/speakers, not the views and opinions of StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by StoneX Trading.
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--- Written by Michael Boutros, Senior Technical Strategist
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