Market Analysis
ETHUSD weekly recap: swing from 1747 to 1943 fades, 2026-07-13
ETHUSD opened at 1802.99 and closed the week at 1823.36, a gain of just over 1 percent after a sharp mid-week rally faded.
3 min readThe week for GBPUSD opened at 1.33858 on Monday and closed at 1.34628 on Friday. That is a net gain of about 77 pips. The pair printed a weekly high of 1.35577 on Wednesday and a weekly low of 1.33418 on Tuesday, giving a range near 216 pips. Price advanced hard through midweek, then handed back a chunk of the gain into Thursday and Friday.
The dominant action came Wednesday, when the pair ran from a 1.33964 open to a 1.35577 high before settling at 1.35382. The economic calendar in the bundle carries no scheduled high-impact prints for the closing week, so the move reads as broad dollar flow rather than a single sterling data catalyst.
The available headlines centred on the PBOC fixing. On Friday the PBOC set its USD/CNY reference rate weaker than the Reuters estimate. A softer yuan fix often coincides with firmer dollar demand, and the retreat in GBPUSD from Wednesday's high into Thursday and Friday fits that backdrop.
The bundle lists no scheduled high-impact events for the upcoming week. With the calendar empty, price is more likely to take direction from dollar flow and cross moves than from a domestic UK release. Watch the PBOC fixing pattern from the closing week for a read on broad dollar demand: repeated fixes weaker than the Reuters estimate have tended to support the dollar, which would pressure GBPUSD, while fixes stronger than estimate have tended to ease that pressure.
Positioning is almost flat. Longs sit at 50.1 percent and shorts at 49.9 percent as of 2026-07-17. That near-even split tells you there is no crowded consensus here. Neither side has conviction, so the book offers little contrarian signal and price is free to follow whichever driver dominates the tape.
The weekly high at 1.35577 caps the upside. If price closes back above that level, the next obvious reference is the round 1.3600 handle. The Friday close near 1.34628 sits between that ceiling and the weekly low at 1.33418. If price loses 1.34418, the Tuesday low back near 1.33418 comes into play. A move similar to the sterling swings seen in GBP/JPY would confirm whether pound strength or dollar demand is leading. You can track these levels live on your LHFX account.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
