GBP – English
- The GBP/USD pair is facing significant resistance near 1.3480, a critical technical level that has capped recent bullish momentum. Despite trading above key moving averages, the pair’s inability to sustain gains suggests a potential short-term pullback.
- The initial rally, driven by optimism over the Iran ceasefire, appears to be losing steam as geopolitical risks resurface. This has dampened the “risk-on” sentiment that previously weakened the USD, limiting further upside for the Pound.
- With mixed technical signals and fragile macro drivers, GBP/USD is likely to consolidate or retrace unless a decisive breakout above 1.3500 occurs. Traders should remain cautious.
GBP – Urdu
- GBP/USD pair 1.3480 ke qareeb strong resistance face kar raha hai, jo ek important level hai jahan se price pehle bhi ruk chuki hai.
- Halanke price important moving averages ke upar hai, lekin upar sustain na kar pana short-term pullback ka signal de raha hai.
- Pehle jo rally hui thi Iran ceasefire ki wajah se, ab woh weak ho rahi hai kyun ke dobara geopolitical tension barh rahi hai.
Sentiment : Bearish
