GBP/USD: Down 0.05% to 1.3418 — Bearish — Price Below Key MAs
MarketsFN Team
GBP/USD: Down 0.05% to 1.3418 — Bearish — Price Below Key MAs
Published: June 17, 2026 · MarketsFN Team
| Pair | Rate | Change | RSI(14) | SMA-20 | SMA-50 | 52W High | 52W Low | Pivot | R1 | S1 |
|---|---|---|---|---|---|---|---|---|---|---|
| GBP/USD | 1.3418 | -0.05% | 50.3 | 1.3424 | 1.3473 | 1.3825 | 1.3173 | 1.3416 | 1.3441 | 1.3391 |
GBP/USD is trading at 1.3418, down 0.05% on the day, as it continues to consolidate below key moving averages. The current rate is below both the 20-day and 50-day simple moving averages at 1.3424 and 1.3473, respectively, indicating a prevailing downtrend. The Relative Strength Index (RSI) stands at 50.3, suggesting a neutral territory, as it neither indicates overbought nor oversold conditions. The Average True Range (ATR) over the last 14 periods is 0.0068, reflecting the current daily volatility.
The pair is currently trading near its pivot point at 1.3416, with the first resistance level at 1.3441 and the first support level at 1.3391. The day's range has been between 1.3410 and 1.3434, showing a relatively contained movement. Given that the rate is below its short-term moving averages and near the pivot, a break below the S1 support at 1.3391 could signal further downside, potentially targeting the 52-week low of 1.3173. Conversely, a move above the R1 resistance at 1.3441 could indicate a
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