GBPUSD Signals Downside Pressure Amid Weakening Technical Confirmations

Market Analysis – September 22

GBPUSD signals downside pressure amid weakening technical confirmations. The broader market structure currently reflects a loss of momentum as sellers take control. The pair is trading below the 9-day SMA at $1.3560, indicating reduced near-term bullish drive. RSI values at 48.96, now under the midline, reinforce the bearish sentiment, suggesting weakening buying strength and pointing toward further downward continuation. Market sentiment aligns with short-term bearish prospects, especially as bulls have repeatedly failed to sustain prices above $1.3630.

GBPUSD Key Levels

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

GBPUSD Long-Term Trend: Bearish

GBPUSD recently rejected the fair value gap near $1.3630 and turned lower. Previous order block zones between $1.3630 and $1.3800 continue to act as resistance, restricting bullish momentum. A break of structure was observed earlier in the cycle, confirming sellers’ dominance and their grip on market direction. Price is currently pivoting around the $1.3360 support level, with bearish order flow maintaining control.

Looking ahead, if selling pressure persists, the immediate downside target is at $1.3330, which aligns with prior demand. A deeper decline could expose the $1.3050 support, serving as a medium-term bearish target. If this level breaks decisively, the market could open further downside potential toward $1.2710, strengthening the bearish outlook. Unless GBPUSD secures a sustained recovery above $1.3630, the technical bias remains in favor of continued depreciation. Traders monitoring forex signals may find opportunities to align positions with the prevailing downward momentum.

GBPUSD Short-Term Trend: Bearish

GBPUSD is currently trading below the 9-period SMA at $1.3500, confirming ongoing bearish pressure. Price recently rejected resistance at $1.3630 and is consolidating near $1.3510.

The RSI at 43.20 remains under the midline, reflecting weak buying strength. Continued selling pressure could drive prices toward $1.3370, with a potential extension to $1.3330 if bearish momentum remains intact.

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