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10.07.2025 06:47 AM
Cable has the potential to test its Pivot and Support 1 levels in the near future, Thursday, July 10, 2025.

GBP/USD, Thursday, July 10, 2025.

Rumors of the Fed's future dovish policy have created negative sentiment towards the USD, potentially helping the pound sterling strengthen again today.

Key Levels

1. Resistance. 2 : 1.3642.

2. Resistance. 1 : 1.3612.

3. Pivot : 1.3587.

4. Support. 1 : 1.3557.

5. Support. 2 : 1.3532.

Tactical Scenario

Positive Reaction Zone: If Cable successfully breaks through and closes above 1.3612, it has the potential to continue strengthening to 1.3642.

Momentum Extension Bias: If 1.3642 is successfully broken through and closes above it, GBP/USD has the potential to continue strengthening to 1.3667.

Invalidation Level / Bias Revision

Upside bias weakens when GBP/USD breaks through and closes below 1.3532.

Technical Summary

With the 20-EMA position above the 50-EMA and supported by the RSI(14) at the Neutral Bullish level (56.43), GBP/USD has the potential to strengthen.

Economic News Release Agenda:

US - Unemployment Claims 7:30 PM WIB

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