GBPUSD Shows Weakening Momentum With Potential Downside Continuation Ahead

Market Analysis – September 1

GBPUSD shows weakening momentum with potential downside continuation ahead. The pair is currently displaying signs of declining strength, with price action consolidating near $1.3520 after repeated rejections around the $1.3540–$1.3630 resistance zone.

The 9-day Simple Moving Average, now positioned at $1.3480, is struggling to sustain bullish traction, while the Relative Strength Index at 55 indicates limited upside potential. Together, these factors highlight an emerging bearish bias as the market hesitates to establish new highs despite multiple recovery attempts.

GBPUSD Key Levels

Supply Levels: $1.3630, $1.3800, $1.4000
Demand Levels: $1.3330, $1.3050, $1.2710

GBPUSD Long-Term Trend: Bearish

Based on the current market structure, the pair has developed a bearish order block around $1.3540–$1.3630, where prior supply pressures remain active. The break of structure (BOS) reinforces sellers’ dominance, while recent price action retesting this zone points toward distribution.

Looking forward, GBPUSD is likely to encounter a corrective pullback toward key support zones. Immediate support lies around $1.3370, with a deeper decline potentially extending to $1.3330. If bearish sentiment strengthens, the price could push further toward $1.3040 in the medium term. Unless buyers reclaim the $1.3630 resistance barrier, the broader outlook will remain tilted to the downside, a move also highlighted by forex signals.

GBPUSD Short-Term Trend: Bearish

On the four-hour chart, GBPUSD continues to struggle below the order block at $1.3540–$1.3630, reflecting rejection from supply. Price is currently hovering near $1.3520 but remains capped under the 9-period SMA at $1.3500, signaling fading bullish momentum.

The ascending structure reveals liquidity build-up that is likely to be cleared, in line with the prevailing bearish bias. A breakdown could expose $1.3390 and $1.3330 as the next downside targets.

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