- May 20, 2026
- Posted by: EWGFX
- Category: Technical analysis
GBP/USD Update :
The British Pound remains under downside pressure after UK inflation data came in below expectations at 3% year-over-year. At the same time, broad-based US Dollar strength and ongoing risk-off sentiment continue weighing on Sterling amid political uncertainty in the UK.
Personal analysis:
Previously, GBP/USD failed to break above the supply zone around 1.3450 as price was drawn toward liquidity before continuing the current bearish movement.
In addition, the EMA 89/200 remains aligned to the downside, supporting the continuation of bearish momentum for this currency pair.
Price may continue extending lower throughout today’s session, potentially retesting the 1.3300 level and further toward 1.3250.
Resistance zones: 1.3450 / 1.3510
Support zones: 1.3300 / 1.3250