Despite relatively low volatility sellers managed to push the GBPUSD pair below major support at 1.2150, which is marked with previous price reactions and lower limit of the ascending channel. If bears manage to uphold current momentum, downward move may accelerate towards psychological support at 1.2000, which coincides with 200 SMA (red line). On the other hand, if buyers manage to take control, then another upward impulse towards local resistance at 1.2355 may be launched.
GBPUSD, H4 interval. Source: xStation5
Ahead of the launch of the US session, greenback is one of the top performing currencies among the majors. Besides the pound, significant weakness can be spotted on New Zealand dollar and Russian ruble markets. Source: xStation5
Three Markets to Watch Next Week: USDJPY, US500, OIL (01.05.2026)
Market Wrap – Data Confirms BoJ Intervention. Waiting for US ISM (05.01.2026)
Chart of the Day: Intervention on the Yen? Tokyo Challenges Speculators (01.05.2026)
Morning Wrap- Wall Street Records and Oil Stabilization (01.05.2026)
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
