📰 GBPUSD Gains Momentum Above 100-Hour MA But Faces Resistance Near 1.3464 Midpoint

📅 Jul 18, 2025, 13:11 EDT | 🔗 Source: Forexlive

🧠 Summary

GBPUSD showed bullish momentum by reclaiming the 100-hour moving average and briefly surpassing the 50% midpoint but failed to sustain gains above it, signaling potential short-term support around 1.3416 with risk for a pullback below if that level breaks.

💡 Why this signal?

  • GBPUSD’s ability to recover above the 100-hour MA indicates some buying strength and a potential base for further upside.
  • The pair’s failure to hold above the 50% midpoint suggests that momentum is fragile and may lead to a short-term pullback.
  • Key support at the 100-hour MA will likely influence immediate price direction, determining whether buyers maintain control or sellers gain momentum.

📈 GBPUSD Price Trend

⏱️ Impact Timing
as soon as the news is out
👥 Competitor Impact

No competitors impacted.

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