GBPUSD bearish crossover
The downside prevails after key moving average crossover: Chart
Share this:
The US Dollar was bearish against all of its major pairs on Monday. On the US economic data front, no major economic data was released.
On Tuesday, Wholesale Inventories for the August preliminary reading are expected to decline 0.1% on month, compared to -0.3% in the July final reading. Finally, the Conference Board's Consumer Confidence Index for September is expected to spike to 90.0 on month, from 84.8 in August.
The Euro was bullish against most of its major pairs with the exception of the AUD, CHF and GBP. In Europe, no major stats were released.
The Australian dollar was bullish against most of its major pairs with the exception of the GBP.
The GBP/USD jumped 87 pips to 1.2833 in Monday's trading making it the pair with the largest Pip move. Key resistance remains at the 1.2985 level (Green Line). A bearish cross has been confirmed after the 20-day moving average crossed below the 50-day. Look for continued downside towards 1.251 support unless 1.2985 is broke to the upside.
Source: GAIN Capital, TradingView
Happy Trading
On Tuesday, Wholesale Inventories for the August preliminary reading are expected to decline 0.1% on month, compared to -0.3% in the July final reading. Finally, the Conference Board's Consumer Confidence Index for September is expected to spike to 90.0 on month, from 84.8 in August.
The Euro was bullish against most of its major pairs with the exception of the AUD, CHF and GBP. In Europe, no major stats were released.
The Australian dollar was bullish against most of its major pairs with the exception of the GBP.
The GBP/USD jumped 87 pips to 1.2833 in Monday's trading making it the pair with the largest Pip move. Key resistance remains at the 1.2985 level (Green Line). A bearish cross has been confirmed after the 20-day moving average crossed below the 50-day. Look for continued downside towards 1.251 support unless 1.2985 is broke to the upside.
Source: GAIN Capital, TradingView
Happy Trading
The US Dollar was bearish against all of its major pairs on Monday. On the US economic data front, no major economic data was released.
On Tuesday, Wholesale Inventories for the August preliminary reading are expected to decline 0.1% on month, compared to -0.3% in the July final reading. Finally, the Conference Board's Consumer Confidence Index for September is expected to spike to 90.0 on month, from 84.8 in August.
The Euro was bullish against most of its major pairs with the exception of the AUD, CHF and GBP. In Europe, no major stats were released.
The Australian dollar was bullish against most of its major pairs with the exception of the GBP.
The GBP/USD jumped 87 pips to 1.2833 in Monday's trading making it the pair with the largest Pip move. Key resistance remains at the 1.2985 level (Green Line). A bearish cross has been confirmed after the 20-day moving average crossed below the 50-day. Look for continued downside towards 1.251 support unless 1.2985 is broke to the upside.
Source: GAIN Capital, TradingView
Happy Trading
On Tuesday, Wholesale Inventories for the August preliminary reading are expected to decline 0.1% on month, compared to -0.3% in the July final reading. Finally, the Conference Board's Consumer Confidence Index for September is expected to spike to 90.0 on month, from 84.8 in August.
The Euro was bullish against most of its major pairs with the exception of the AUD, CHF and GBP. In Europe, no major stats were released.
The Australian dollar was bullish against most of its major pairs with the exception of the GBP.
The GBP/USD jumped 87 pips to 1.2833 in Monday's trading making it the pair with the largest Pip move. Key resistance remains at the 1.2985 level (Green Line). A bearish cross has been confirmed after the 20-day moving average crossed below the 50-day. Look for continued downside towards 1.251 support unless 1.2985 is broke to the upside.
Source: GAIN Capital, TradingView
Happy Trading
Latest market news
Open an account in minutes
Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 0.3 pts on indices.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
EUR/USD Q4 2026 Outlook: Euro at a Crossroads as Fed, ECB Tighten 9 25 2026
EUR/USD enters Q4 at a pivotal inflection point as competing Fed-ECB policy paths and persistent inflation risks collide with major technical support.
AUD/USD Q4 Outlook: RBA and Fed Hikes Set the Tone
AUD/USD enters Q4 with RBA and Fed hikes in focus as sticky inflation, rising unemployment and US dollar strength shape the Australian dollar.
USD/JPY Q4 2026 Outlook: Hawkish Fed Pricing Clashes With Intervention Risk
The year-end tug-of-war is clear: hawkish Fed pricing supports USD/JPY, while intervention risk limits the upside.
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
StoneX Financial Pte. Ltd. is not under any obligation to update this report.
Trading CFDs carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.forex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.