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

Daily Price Outlook

- Bullish above $1.25793 – Targeting $1.26303, with a stop-loss at $1.25488.

- Resistance at $1.26310 – A breakout could push GBP/USD toward $1.26667 and $1.27037.

- Support at $1.25498 – A drop below this level may trigger further downside toward $1.25104 and $1.24765.

GBP/USD is hovering around $1.25960, showing signs of consolidation after a recent pullback. The pair is trading just above its pivot point at $1.25795, which serves as a critical level for determining near-term direction.

Immediate resistance stands at $1.26310, and a breakout above this level could drive bullish momentum toward the next resistance zones at $1.26667 and $1.27037.

On the downside, immediate support is seen at $1.25498, followed by key levels at $1.25104 and $1.24765. A failure to hold above $1.25498 could accelerate selling pressure, potentially triggering a deeper correction.

The 50-day EMA at $1.24956 suggests that the broader trend remains supported, as the moving average aligns closely with key support levels. If buyers maintain control above the $1.25793 entry point, a move toward $1.26303 appears likely, making it a strategic buy opportunity with a stop loss at $1.25488.

From a technical perspective, GBP/USD is positioned for a potential breakout if it maintains strength above the pivot point of $1.25795.

GBP/USD - Trade Ideas

Entry Price – Buy Above 1.25793

Take Profit – 1.26303

Stop Loss – 1.25488

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$510/ -$305

Profit & Loss Per Mini Lot = +$51/ -$30