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GBP USD Technical Analysis - GBP USD Trading: 2025-04-09
GBP/USD Technical Analysis Summary
Above 1.28558
Buy Stop
Below 1.27815
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Buy |
| Parabolic SAR | Buy |
GBP/USD Chart Analysis
GBP/USD Technical Analysis
The GBPUSD technical analysis of the price chart on 1-hour timeframe shows GBPUSD: H1 is rising to test the 200-period moving average MA(200) after hitting five-week low two days ago. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 1.28558. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1.27815. After placing the order, the stop loss is to be moved to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - GBP/USD
House price decline accelerated in UK. Will the GBPUSD price rebound reverse?
House price decline accelerated in UK in March: the Halifax Bank of Scotland reported the Halifax House Price Index fell 0.5% after an 0.2% decline in February when 0.2% increase was expected. It was the sharpest monthly drop in a year. Over the quarter, the index rose by 0.5%. The average property price fell to £296,699 from £298,602 in February. Analysts attribute the decline in house prices to house demand returning to normal after house prices rose in January as buyers hurried to conclude purchases before the March stamp duty deadline. Declining house demand is bearish for Pound and GBPUSD currency pair. However, the current setup is bullish for the pair.
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