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

Daily Price Outlook

- Neutral Momentum: RSI at 45 and price near the 50 EMA ($1.27437) indicate limited directional bias.

- Key Levels: Resistance at $1.27957; support levels at $1.27171 and $1.26875 to watch for shifts in sentiment.

- Trading Strategy: Buy above $1.27173, target $1.27561, and manage risk with a stop loss at $1.26937.

GBP/USD is trading at $1.27340, down 0.03%, as the pair remains range-bound near the pivot point of $1.27551. The 50-day EMA at $1.27437 reflects slight bearish pressure as the price hovers just below this level, signaling caution among traders.

Immediate resistance is noted at $1.27957, with subsequent levels at $1.28367, suggesting that a recovery above the pivot could open the door for further gains.

On the downside, immediate support lies at $1.27171, with additional safety levels at $1.26875 and $1.26595. A break below $1.27171 could indicate further selling pressure, potentially driving the pair toward the $1.26298 zone.

The RSI at 45 signals neutral momentum, leaning slightly bearish but not yet oversold, leaving room for either direction depending on market catalysts.

A sustained break above $1.27551 would reinforce bullish momentum, targeting $1.27957 as the first resistance. Conversely, failure to hold $1.27171 could shift the focus to the next support levels.

GBP/USD - Trade Ideas

Entry Price – Buy Above 1.27173

Take Profit – 1.27561

Stop Loss – 1.26937

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$388/ -$236

Profit & Loss Per Mini Lot = +$38/ -$23