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GBPUSD technical analysis with Ichimoku and MACD The GBP/USD currency pair - commonly referred to by traders as “Cable”- is one of the most actively traded pairs in the forex market, representing the British pound against the US dollar. As a key barometer of transatlantic economic health, this pair is heavily influenced by both macroeconomic releases and geopolitical developments. Today’s focus is on the Confederation of British Industry's distributive trades survey and a major geopolitical shift between the US and EU. Fundamentally, the GBP USD pair faces mixed momentum. The UK's CBI Distributive Trades Survey will be closely watched today, offering insights into consumer spending and retail activity. If the actual result exceeds expectations, it could offer short-term support for the pound. However, overriding this is a major geopolitical development: the US and EU have reached a deal to impose a 15% tariff on most EU exports, successfully avoiding a full-scale trade war. This agreement includes a massive $600 billion EU investment in the US, greater EU energy and defense purchases, and sustained high tariffs on US steel and aluminum. While this strengthens USD sentiment due to favorable US terms, it could pressure the pound amid uncertainty over how this deal may affect UK-EU-US trade relationships. Overall, the fundamental outlook for GBP/USD leans bearish, with downside risk persisting unless UK retail data strongly outperforms. Image Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. Technically, the GBP/USD H4 chart shows a clear bearish structure, confirmed by price action and indicators. The Cable price is currently moving between the 1.0 and 0.786 Fibonacci retracement levels, hovering just above a critical support zone around 1.34000, which aligns with the lower boundary of a descending triangle pattern. This level has acted as strong support multiple times historically and remains crucial. The GBP-USD price broke below the Ichimoku Cloud last week, with the green cloud thinning and showing a flat bottom, typically signaling weak bullish momentum and increased risk of further decline. The orange bearish trendline continues to cap upward moves, with 9 of the last 10 candles being bearish, showing consistent selling pressure. Indicators confirm this trend: the %R is deeply oversold at -91.34, and the MACD is bearish, with widening histogram bars and a fresh cross below the signal line. Resistance stands at 0.786 retracement (around 1.34717). A confirmed break below 1.34000 could open the path toward the 1.33390 area, while any bullish bounce will likely be limited by strong resistance zones. •DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes. Capitalcore
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Instant! Transaction ID: 2810802 Date of transaction: 27.07.2025 18:52 Amount: 21 USD Sender account: E061591 Note: Withdraw to Trade from FELOS LIMITED