Technical Indicators:
A break below a key support level.
Bearish candlestick patterns such as shooting stars or engulfing candles.
A negative crossover in moving averages (e.g., 50-period crossing below the 200-period).
RSI (Relative Strength Index) showing overbought conditions, signaling a potential reversal.
Fundamental Factors:
Economic data releases that are negative for the UK economy, such as poor GDP growth, disappointing employment reports, or a lower-than-expected inflation reading.
Interest rate decisions or statements from the Bank of England that are dovish.
Stronger-than-expected US data, such as better-than-expected non-farm payrolls, inflation, or GDP figures, which could support the US dollar.
Market Sentiment:
If broader risk sentiment turns negative, investors may flock to the US dollar as a safe-haven asset, putting further downward pressure on GBP/USD.
A break below a key support level.
Bearish candlestick patterns such as shooting stars or engulfing candles.
A negative crossover in moving averages (e.g., 50-period crossing below the 200-period).
RSI (Relative Strength Index) showing overbought conditions, signaling a potential reversal.
Fundamental Factors:
Economic data releases that are negative for the UK economy, such as poor GDP growth, disappointing employment reports, or a lower-than-expected inflation reading.
Interest rate decisions or statements from the Bank of England that are dovish.
Stronger-than-expected US data, such as better-than-expected non-farm payrolls, inflation, or GDP figures, which could support the US dollar.
Market Sentiment:
If broader risk sentiment turns negative, investors may flock to the US dollar as a safe-haven asset, putting further downward pressure on GBP/USD.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.