GBPUSD edges to multi-week high but may be stalling ...Middle East

For now, price action is finding nearby support at the 61.8% retracement of the decline from the September 11 high, which comes in at 1.35397. This level has become an important short-term line in the sand for traders. Holding above keeps the bullish bias intact, while a decisive move back below would suggest a failed breakout and could sap buyer confidence, at least in the near term.

Conversely, slipping back below that support with momentum would shift the bias more toward the downside and suggest the breakout attempt has lost steam. The cluster of moving averages including the 100-hour moving average, the 100 day moving average and the 200- hour moving average between 1.3446 and 1.34735 would be targets.

This article was written by Greg Michalowski at investinglive.com.

Hence then, the article about gbpusd edges to multi week high but may be stalling was published today ( Monday 08/09/2025 - 05:11 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( GBPUSD edges to multi-week high but may be stalling )

Also on site :

• Trump Wants To”Unleash Hell” In 2026; POTUS Tries To Go Full Maximus With A Misguided ‘Gladiator’ Flex
• GCE Global Solutions Corp. Announces Strategic Acquisition of GCE Payroll Advisers Inc. to Strengthen Global EOR and Payroll Platform
• Mickey Rourke Sued for $59,100 in Unpaid Rent, Facing Eviction