GBP/USD Hits 200-Hour MA at 1.3365: Make or Break Moment
Cable is testing a critical hourly moving average after failing at a tough resistance cluster. Here's what happens next.
GBP/USD is sitting right on the edge. The pair has been sliding after getting repeatedly rejected near 1.3399 — a nasty confluence of the 100-day MA, 200-day MA, and the 50% retracement of the entire May-to-recent-high rally. When price can't break through that kind of layered resistance, sellers take notice. And they have.
Now cable is testing its 200-hour moving average at 1.3365 during the North American session. This level isn't random noise — it's been acting as a reliable support floor since June 29. Buyers defended it on a June 30 retest and ripped higher from there. It also lines up with the Asian session low today, so you've got multiple reasons for both sides to dig in right here.
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Here's your roadmap if this level breaks: first stop is 1.3338, then last week's low around 1.3323, and below that the market stares down the 1.3300 handle. That's a clean 65-pip slide from current levels if sellers get their sustained close below the 200-hour MA. That's real money.
But if buyers show up again — like they've done twice already at this MA — the trade flips. Eyes go back to 1.3399. A clean reclaim of that resistance zone, where the daily MAs and the 50% retracement all converge, would hand bulls back the wheel and open the door to fresh highs. Right now, you're watching a coin flip at a level that actually matters.
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