The GBP/USD pair remains flat for the second session in a row, trading around the 1.3430 level during Asian business hours on Thursday. The 14-day Relative Strength Momentum Index (RSI) is at 51 (neutral) after pulling back from overbought readings, indicating balanced momentum.
The 50-day Exponential Moving Average (EMA) is rising, supporting the broader bias as GBP/USD holds above it. The nine-day EMA is slipping and capping the near-term recovery, indicating a modest loss of momentum. A decline across the short-term average would tilt the bias downward towards a flat floor, while a hold above it would keep declines in check and favor new tests of overall resistance.
Immediate resistance lies at the nine-day moving average at 1.3446. A daily close above the short-term average could open the way towards a three-month high at 1.3562 as the next barrier. Further advance will lead GBP/USD to explore territory around a six-month high of 1.3726, followed by 1.3788, the highest level since October 2021.
Initial support is located at the 50-day EMA at 1.3388. A daily close below the mid-term average would open the doors for GBP/USD to move into the area around the eight-month low at 1.3010.
The price of the British pound today
The table below shows the percentage change of the British Pound (GBP) against the major currencies listed today. The British pound was weakest against the Swiss franc.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | 0.02% | -0.00% | -0.05% | 0.06% | 0.11% | 0.18% | -0.06% | |
| euro | -0.02% | -0.02% | -0.07% | 0.04% | 0.09% | 0.15% | -0.08% | |
| GBP | 0.00% | 0.02% | -0.04% | 0.06% | 0.11% | 0.18% | -0.06% | |
| JPY | 0.05% | 0.07% | 0.04% | 0.09% | 0.15% | 0.19% | -0.02% | |
| Canadian | -0.06% | -0.04% | -0.06% | -0.09% | 0.06% | 0.11% | -0.10% | |
| Australian dollar | -0.11% | -0.09% | -0.11% | -0.15% | -0.06% | 0.07% | -0.17% | |
| New Zealand dollar | -0.18% | -0.15% | -0.18% | -0.19% | -0.11% | -0.07% | -0.24% | |
| Swiss franc | 0.06% | 0.08% | 0.06% | 0.02% | 0.10% | 0.17% | 0.24% |
The heat map shows the percentage changes in major currencies versus each other. The base currency is chosen from the left column, while the counter currency is chosen from the top row. For example, if you select the British pound from the left column and move along the horizontal line to the US dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
(The technical analysis for this story was written with the help of an artificial intelligence tool.)
