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08.09.2025 07:58 AM
Although There Is Potential for a Correction, as Long as It Does Not Break and Close Below 1.3436, Cable Remains in a Strengthening Bias. Monday, 08 September 2025.

[GBP/USD] – [Monday, 08 September 2025]

Although the RSI is at a Neutral-Bearish level, indicating a weakening momentum, as long as the 1.3436 level is able to hold, GBP/USD has the potential to resume its strengthening. This is due to both EMAs still forming a Golden Cross.

Key Levels

  1. Resistance 2: 1.3622
  2. Resistance 1: 1.3563
  3. Pivot: 1.3495
  4. Support 1: 1.3436
  5. Support 2: 1.3368

Tactical Scenario

Positive Reaction Zone: If Cable's price manages to break out and close above 1.3563, there is potential to continue strengthening toward 1.3622.

Momentum Extension Bias: If the 1.3622 level is breached and closed above, GBP/USD will likely test the 1.3690 level.

Level Invalidation / Bias Revision

The upside bias weakens if Cable declines and closes below 1.3368.

Technical Summary

EMA(50): 1.3488

EMA(200): 1.3463

RSI(14): 48.31

Economic News Release Agenda:There are no economic data releases from either the UK or the US today.

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