Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
GBP/USD edged 0.32% higher on Tuesday in choppy trading, closing around 1.3230 after swinging between a session low near 1.3160 and a high close to 1.3260. The gain snapped a five-day losing streak, though the bounce lacked conviction and left price well below its key moving averages overhead.
💡 DMK Insight
GBP/USD’s recent bounce might seem promising, but here’s why it’s not time to celebrate yet: The pair edged up 0.32% to close around 1.3230, breaking a five-day losing streak. However, the lack of momentum is concerning, especially with the price still below key moving averages. Traders should note that the recent high near 1.3260 could act as a resistance level, while the session low around 1.3160 may serve as a support. If the pair fails to break above 1.3260, we could see a return to bearish sentiment, especially if broader market conditions remain volatile. With the upcoming economic data releases, including inflation figures, traders should be ready for potential swings. Look for signs of strength or weakness in the next few trading sessions. If GBP/USD can hold above 1.3200 and push past 1.3260, it might signal a more sustained recovery. Otherwise, a drop below 1.3160 could trigger further selling pressure, impacting related assets like UK equities and other GBP pairs.
📮 Takeaway
Watch for GBP/USD to break above 1.3260 for a potential bullish reversal; otherwise, a drop below 1.3160 could lead to more selling.
