GBP/USD Technical Analysis: last week's decline leaves Sterling's indicators scrambling to catch up

  • Sterling kicks upwards for Tuesday despite market sentiment retreating on US tariff ramp-up.
  • Thin schedule leaves the GBP/USD pair exposed to broader market sentiment, mixed indicators leave the technical situation a guessing game.
  • The week's upward twist to the price action could evaporate quickly.

GBP/USD Chart, 1-Hour

Spot rate: 1.3263
Relative change: 0.14%
High: 1.3272
Low: 1.3243

Trend: Bearish

Support 1: 1.3243 (current day low)
Support 2: 1.3211 (1-week low)
Support 3: 1.3177 (S1 1-week pivot)

Resistance 1: 1.3301 (1-week 38.2% Fibo level; major technical handle
Resistance 2: 1.3356 (1-week 61.8% Fibo level)
Resistance 3: 1.3446 )1-week high)

Hungary: NBH to keep all its policy rates on hold today - TDS

Analysts at TDS expect the Monetary Council of the NBH to keep all its policy rates on hold today, i.e. the policy rate will be held at 0.9% and the O
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FX option expiries for June 19 NY cut

FX option expiries for June 19 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: 1.1585 (EUR 511m). - GBP/USD: 1.3240 (GBP 340m
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