A key resistance level is June’s interim swing high at $4.15, aligned with the 161.8% ABCD target. Clearing this point would trigger a trend reversal, confirming improving underlying demand within the prior downswing’s structure. Near-term support is today’s $3.75 low, with resistance at the $3.86 high. The gap’s size and follow-through suggest buyers are stepping in with conviction.
Support Alignment
Dynamic support centers on the 200-day moving average and a long-term uptrend line. The 200-day line is converging with the uptrend line, soon forming a tighter price area to reinforce support during any weakness. Holding above this confluence keeps the bullish outlook intact and supports the case for higher prices.
Bull Channel Reactivated
The advance from August’s swing low gained clear continuation today. The previous downtrend is broken, and the long-term uptrend line has been recaptured, putting the large rising bull channel from 2024’s low back in play. Pullbacks should now attract buyers, using lower prices to establish support and fuel the next leg higher.
Outlook and Key Levels
Today’s $3.75-$3.86 range will set the tone—holding support targets $3.93-$3.95, while a break risks retesting the 200-day eventually. The gap and breakout favor bulls, with $4.15 as the critical reversal trigger. New contract data will refine future analysis, but the channel structure and trendline reclaim point to sustained upside if support holds firm. Watch today’s close for confirmation of momentum.
For a look at all of today’s economic events, check out our economic calendar.
GBP/USD Forecast: Sterling Slides Toward 1.3240 as Fiscal Gap, BoE Cut Odds, and Fed Decision Pressure Pound
GBP/USD Under Renewed Pressure as Fiscal Concerns Deepen and Dollar Strengthens
The British Pound to U.S. Dollar (GBP/USD) remains under intense selling pressure, trading near 1.3280 after briefly touching 1.3247, marking its weakest level since August. The pair has fallen more than 3.4% from September’s peak at 1.3725, extending a two-week decline as investors reassess the UK’s fragile fiscal position and upcoming monetary decisions on both sides of the Atlantic. Market sentiment toward Sterling has deteriorated sharply following the Office for Budget Responsibility’s (OBR) warning of a £20 billion shortfall in government finances, a gap that could widen to £35 billion under current productivity and growth assumptions.
The OBR’s findings fuel speculation that Chancellor Rachel Reeves may introduce tax hikes in the November Budget to stabilize public accounts. Such a move could tighten household spending and consumer demand, threatening the UK’s already sluggish recovery. The UK economy remains structurally weak — GDP growth is stalling near 0.2% quarter-on-quarter, productivity continues to lag, and inflation, though easing, underscores a fragile backdrop. The British Retail Consortium’s data revealed softer food prices and inflation slowing to 1.8%, giving markets confidence that the Bank of England (BoE) could pivot toward easing sooner than expected. Traders now assign a 68% probability of a 25-basis-point rate cut in December, a dramatic shift from earlier expectations of a prolonged pause.
Dollar Firm Ahead of Fed Rate Cut and Powell’s Guidance
On the U.S. side, the Federal Reserve is widely expected to announce its second 25-bps rate cut of 2025, lowering the target range to 3.75%–4.00%. However, the market’s focus is firmly on Chair Jerome Powell’s tone regarding future policy. A dovish statement signaling more cuts before year-end could provide some relief for the Pound, while a measured or hawkish stance could drive further downside toward 1.3140 or lower. The U.S. Dollar Index (DXY) trades steady near 98.70, supported by safe-haven demand amid global uncertainty and the Trump administration’s ongoing Asia visit, which produced a U.S.–Japan minerals alliance agreement aimed at securing rare earth supply chains.
The Fed’s decision comes as U.S. macro data weakens: Conference Board consumer confidence dropped to 94.1, ADP private payrolls fell by 36,000, and housing data showed prices slowing for the seventh consecutive month. Despite these signals, the Dollar remains resilient, reflecting investors’ preference for liquidity and yield amid heightened volatility in Europe and Asia.
Fiscal Anxiety and Volatility Build Ahead of Reeves’s Budget
The upcoming UK Autumn Budget has become a defining risk event for Sterling. With the implied volatility on GBP/USD options rising to a three-month high, traders are increasingly positioning for sharper moves as fiscal risk looms. If Reeves confirms new spending commitments without clear funding clarity, markets could interpret the plan as fiscally expansionary, reviving concerns similar to the 2022 mini-budget crisis that triggered a sharp Sterling collapse.
Investors are also monitoring BoE communication, with Governor Andrew Bailey expected to emphasize data dependency. Market pricing now implies 50 bps of total easing by mid-2026, though fiscal stress may accelerate that timeline. For Sterling, this combination of monetary and fiscal fragility leaves little room for optimism in the near term, especially as the Dollar continues to absorb risk-averse inflows.
Technical Breakdown: Double-Top at 1.3725, Neckline Targets 1.3140
From a technical standpoint, GBP/USD continues to trace a double-top pattern with the neckline around 1.3140, a level that has now become a key inflection point. The pair trades below the Supertrend indicator, confirming a sustained bearish bias. Short-term resistance is observed at 1.3340, 1.3400, and 1.3520, while support levels cluster around 1.3240, 1.3180, and 1.3140. A decisive close below 1.3140 could extend losses toward 1.3000, while only a breakout above 1.3400 would neutralize downside momentum.
Momentum indicators align with this bearish structure: the RSI remains in the mid-40s, showing no bullish divergence, while the Percentage Price Oscillator (PPO) remains in negative territory. Volume data from interbank flows show renewed selling each time GBP/USD attempts to recover above 1.3340, confirming strong resistance from institutional sellers.
Global Risk Environment: Gold Rally and Yen Strength Confirm Flight to Safety
The broader macro environment adds further weight to Sterling’s decline. The rally in Gold (XAU/USD) back above $4,000 per ounce and the surge in Japanese Yen (JPY) — with GBP/JPY nearing 201.00 — signal a pronounced flight-to-safety sentiment across global markets. Risk assets, including equities and emerging-market currencies, remain under pressure ahead of the Fed’s decision and potential follow-through from Trump’s trade policies.
This shift toward defensive positioning highlights the challenge for Sterling: investors are not only cautious about domestic fiscal policy but are also shifting capital toward assets perceived as safe havens. That dynamic leaves GBP/USD vulnerable to deeper retracements unless the Fed strikes an unexpectedly dovish tone or the UK Budget surprises positively.
Market Positioning and Volatility Signals Further Downside
Positioning data indicates that institutional traders remain net short Sterling. CFTC futures show a steady increase in GBP short positions over the past two weeks, while options market skew favors downside protection, with higher demand for puts around the 1.3150–1.3200 range. The increase in one-week implied volatility — now at 7.2%, the highest since August — suggests markets anticipate a 100–120 pip swing following the Fed statement.
Short-term sentiment remains bearish, with hedge funds and asset managers reducing long exposure in anticipation of further policy divergence. Traders see limited upside unless Powell explicitly commits to further easing or Reeves delivers a credible fiscal plan. Until then, the pair is likely to remain range-bound between 1.3140 and 1.3400, with rallies being sold aggressively.
TradingNews.com Verdict: SELL (Bearish Bias While Below 1.3400)
The data-driven narrative leaves GBP/USD in a clearly bearish setup. Fiscal fragility, widening budget uncertainty, soft inflation, and a market priced for BoE cuts all weigh against Sterling. Unless the Fed pivots sharply dovish or UK policymakers deliver fiscal clarity, the path of least resistance remains lower.
Verdict: SELL — bearish bias maintained while GBP/USD trades below 1.3400; next targets 1.3180 and 1.3140, with potential extension to 1.3000 if Budget risks escalate.
While the economics of using mealworms for sourcing bulk protein have proved challenging, it turns out that they are uniquely well-suited to producing a far more lucrative product: vitamin D3, says French startup Nutriearth.
There are several forms of vitamin D, notes CEO Jeremy Burks, who is scaling production for human consumption. However, the dominant form in supplements is vitamin D3 (cholecalciferol), which humans and some other animals produce when UV-B light from the sun converts a sterol in skin (7-DHC) to “pre-vitamin D3.” This then transforms into cholecalciferol.
As many people get too little exposure to sunlight and some are less efficient than others at making and using cholecalciferol, deficiency is common even in sunny regions when modern lifestyles limit time outdoors. As a result, the so-called “sunshine vitamin” is in high demand.
Vitamin-D rich oil and flour
Typically, says Nutriearth CEO Jeremy Burks, the vast majority of vitamin D3 is sourced from lanolin (the oily coating on sheep’s wool) and produced in China and India via a series of chemical reactions followed by thermal isomerization to vitamin D3, followed by purification and crystallization of cholecalciferol.
Mealworms, by contrast, naturally contain the same sterol backbone used in lanolin chemistry, leaving UV-B light to do the heavy lifting, says Burks, a food and ag industry veteran who occupied senior roles at Dow, Devro, Roquette and Cosucra before joining Nutriearth in June 2024.
“We don’t put anything in and we don’t take anything out. There are no extracts and no chemicals, and what we end up with is natural, sustainable, and also happens to have a very high level of absorption.”
He added: “We don’t farm mealworms ourselves; we work with a number of different suppliers that do that.”
Nutriearth then has two routes to make products, he said. “One is applying light to insect flour (ground up larvae) to get a high protein flour with vitamin D3 inside that we are targeting mainly for food applications. The integration levels are low, max 4%. We’ve done blind trials that show no effect on taste and texture.
“The other approach is starting with the insect oil [which contains the precursor] which some mealworm farmers physically separate [from the protein meal] with a centrifuge or press. And then we just take the oil and apply light, which gives you an oil that has vitamin D3 inside it. We’re targeting this at the dietary supplements and nutraceuticals market.”
In both cases, no pricey extraction process is required, he said. “We see interest in both [formats]. The flour is protein rich and easily integrated in foodstuffs while the oil lends itself very well to supplements.”
Nutriearth has secured novel food authorization for the flour in the EU and has another dossier for the oil that’s in progress, added Burks. “We have Health Canada approvals for the oil and self-GRAS Generally Recognized as Safe] status for the oil in the US, where we’re working with [ingredients distributor] AIDP. Additional partnerships will be announced in the next few weeks.”
Image credit: Maxime Decarsin
High value, low-volume ingredients
As for the unit economics surrounding insect farming, he said, “These [insect ag] companies want to create an alternative source of protein and sell it into pet food or animal feed. To do that, they have to get the price very low, which means very big volumes. And to do that, the capex can be enormous.”
But for vitamin D, he said, “We’re talking about micrograms. The French government advises 15 micrograms a day. So we can supply 10 people every day of the year with a kilo of our material, which is a completely different order of magnitude in terms of volume.
“And the beautiful thing is that the precursor is naturally occurring in the mealworm, so we don’t have to do any work. It’s already done naturally. Our expertise is how we apply the light; we have seven patent families so we have it extremely well protected.
“There is a lot of know-how going into the specific wavelengths, the times, the distances, and so on and so forth. And you need to know all that in order to be effective in what we do. We have different routes to administer it, either lamps or LEDs.”
From pet food to human food
After “opportunistic” deals supplying firms in the petfood and animal nutrition space (with whole worms, flour and oil), things are now coming together for human applications following the recent regulatory approvals, said Burks.
“Previously we’ve been supplying companies in pet supplies and garden centers, and we’ve worked with a handful [of early adopters in France] making pastries, cakes and other products. But we installed clean rooms for human production in January, put in the equipment in March and started production in May, so we’re now able to meet the daily needs of more than 50 million people.”
While the lanolin-derived vitamin D3 market is well-established, he said, “There’s a premium opportunity in this market where consumers are looking for natural solutions and for performance. And we’re about to publish an animal study that shows ours is more effectively absorbed by the body than vitamin D from lanolin, the standard product on the market.”
De-risking the business
Nutriearth—which was founded by Thomas Dormigny and Jérémy Defrize, PhD, in 2017—raised an €8 million ($9.3 million) round in July 2024 backed by investors including Bpifrance, Demeter Investment Managers, Rev3 Capital, and Crédit Agricole, and is currently raising a new round, said Burks.
“The good news is we’ve got our CapEx behind us. We’ve got the R&D behind us. We’ve got regulatory approvals in place with more to come, so we have already significantly de-risked the business.”
That said, nothing about creating a new market is easy, he said. “Imagine looking out of the window and your view is spoilt by a tower block. You think if I could just have that tower block knocked down, my view would be splendid. And then you knock the tower block down, and you see something else spoiling the view. It’s just a sequence of challenges.”
Solana (SOL) price today trades near $194.19, holding steady after a volatile session that saw limited movement ahead of key resistance. The market’s focus has shifted sharply following confirmation that the Grayscale Solana Trust ETF has received official listing and registration approval from the U.S. Securities and Exchange Commission (SEC).
ETF Approval Sparks Renewed Interest In Solana
In a post on X, Solana’s official account confirmed the SEC approval of the Grayscale S…
Support Levels for EUR/USD Today: 1.1610 – 1.1540 – 1.1470.
Resistance Levels for EUR/USD Today: 1.1685 – 1.1750 – 1.1830.
EUR/USD Trading Signals:
Buy EUR/USD from the support level of 1.1560 with a target of 1.1800 and a stop-loss of 1.1480.
Sell EUR/USD from the resistance level of 1.1740 with a target of 1.1600 and a stop-loss of 1.1800.
Technical Analysis of EUR/USD Today:
As expected, the EUR/USD price remained within narrow ranges at the beginning of this week’s trading, pending market and investor reaction to the policy announcements of both the US Federal Reserve and the European Central Bank. On trusted trading platforms, the EUR/USD price is stabilizing around 1.1650 at the time of writing.
EUR/USD Technical Forecast
The EUR/USD is resisting the strength of the US dollar better than most currencies, which is expected to allow it to trade strongly this week. The EUR/USD traded slightly higher against the US dollar last week, and this important week’s trading is witnessing a new high, surpassing the nine-day exponential moving average (EMA) at 1.1630.
This rise suggests that the near-term momentum has shifted to the upside, and there is potential for steady movement through the mid-to-late 1.16 range. Although the Euro is rising slowly, it is not decisively trending upward. It is worth noting that the EUR/USD pair remains trading within a multi-month consolidation range. The lower boundary of this range extends to 1.1550 (we disregard the July drop to 1.14 as it was quickly corrected), while the upper boundary is at 1.1750, with temporary spikes to 1.18 and above proving short-lived.
Therefore, we are likely to see a rally within this mentioned range, which means that both strength and weakness will be limited.
Amid the stability of the euro against the US dollar, much of course depends on the actions of the US Federal Reserve in the middle of this week. We know that it will cut US interest rates by 25 basis points, but we do not know its opinion on any further rate cuts later in the year. The general rule of thumb for trading is that any encouragement for further cuts will negatively impact the dollar and allow the EUR/USD pair to break the 1.17 resistance level. Overall, Recent US survey data confirms that the employment situation is slowly deteriorating, and the Federal Reserve will not want to risk exacerbating this situation by keeping US interest rates tight for an extended period. This will ensure that the possibility of further cuts remains.
Trading Tips:
As we advise, the EUR/USD will remain range-bound until the markets react to the US Federal Reserve’s announcement this week and then the outcome of the US/China trade dispute.
The Future of Central Bank Policies
However, if the U.S. Central Bank signals caution about another cut in 2025, it will have a negative impact on the EUR/USD pair. Ultimately, the Federal Reserve is currently short on official economic data due to the government shutdown and will not want to signal any major policy change if it feels it is navigating blindly. Given this, we believe we will receive very restrictive guidance from the Federal Reserve, as it does its best to maintain steadiness at the helm until official data begins to flow again.
Obvioulsy, this means that any subsequent reactions in exchange rates after the Fed’s decision will eventually fade. Also, we will end the week in a relatively stable position—meaning the EUR/USD is moving upward within its multi-week range.
On another influential front for currency exchange rates, we await the European Central Bank’s decision next Thursday, where no change in interest rates is expected. Consequently, a rate cut by the Federal Reserve and continued rate stability by the ECB would allow interest rates in the U.S. and the Eurozone to converge further, which is currently supportive of Euro trading.
You’ll see them in any health food store, many grocery stores, or even side street supplement shop worth its salt—the little yellow hexagons in the bottle, staring at you like a pile of poker chips waiting to be cashed in. Of course I’m talking about Lipodrene, Hi-Tech’s flagship weight-loss and energy formula that’s been that’s been selling like hotcakes for almost two decades.
Can you believe it’s been that long? It’s insane. Most weight loss supplements disappear from the market faster than the tuna at an all you can eat sushi bar. Yet Lipodrene has not only been on the shelves for nearly two decades, but over a billion tablets were sold! That doesn’t just happen.
Built Like a Streetfighter
Lipodrene was never meant to be subtle. It’s brash, unapologetic, and loaded with a kitchen-sink formula headlined by good ole ephedra extract—the ingredient that made it a legend. Around that massive anchor, you’ve got stimulants, botanicals, and thermogenic standbys that cover the bases from energy to appetite control, minus the jitters. It’s like walking into an MMA gym and realizing everyone in there knows how to pound. Hard.
You’ve seen fat burners come and go over the years. They usually flame out in a year or two. Lipodrene? It’s been 15 years and counting, still Hi-Tech’s best-seller, still on shelves in tens of thousands of stores. In this business, that kind of staying power is rarer than a bikini girl with a degree in quantum physics. It became the benchmark not because of marketing hype, but because people bought it, used it, and came back for more because it worked. Simple as that.
Everywhere You Look
There’s no mystique here. You don’t need a secret code to a site on the dark web to find Lipodrene®. It’s not sold out of gym bags from the trunk of a car. This is mainstream—an ephedra-based fat burner that’s legal, effective and distributed everywhere. That accessibility has kept Lipodrene on the radar for almost twenty years, no small feat in a supplement industry that eats its young.
Lipodrene is a supplement that is invincible. It’s still here today and it will be here tomorrow. It doesn’t die. It’s endured bans, lawsuits, knockoffs, and waves of critics. Yet the yellow hexagons keep showing up, bottle after bottle, like Arnold Schwarzenegger at the Arnold Classic. Whether you’ve used it or not, you know the name.
On the hourly chart, the rate of BNB is looking bearish, as it is about to break the local support of $1,100. If that happens, the drop is likely to continue to the $1,080 mark.
On the longer time frame, there are no reversal signals yet. As the price of the native exchange coin is far from key levels, one should focus on the interim level of $1,100.
You Might Also Like
If bulls lose this mark, there is a high chance of witnessing a test of the $1,050 zone.
From the midterm point of view, the rate of BNB has made a false breakout of the previous bar peak of $1,161. If the weekly candle closes far from that mark, the correction may continue to the $1,000 area.
The Emperor ecosystem officially launched its native token $EMPI, marking a significant milestone in the evolution of decentralized gaming and community-driven finance on Binance Smart Chain (BSC). More than just a token, $EMPI serves as the unifying element across the Emperor Ecosystem — a suite of products that blend DeFi mechanics, skill-based gaming, and gamified token launches into one seamless experience.
From Exchange Roots to a Full-Scale Web3 Gaming Ecosystem
What began as a community-driven decentralized exchange has rapidly grown into a comprehensive ecosystem of entertainment, empowerment, and innovation. Guided by a commitment to fairness and transparency, Emperor has evolved into a powerhouse for gamers, traders, and creators alike.
Expanding the Ecosystem
The Emperor ecosystem already includes several live and upcoming components designed to provide both entertainment and opportunity:
Emperor Games Platform – A Web3 gaming hub featuring Meme Crash, Meme Trader, and Emperor Wheel.
The Last Emperor – A skill-based multiplayer shooter now in beta.
Emperor X Launchpad – A gamified, community-centric token launch platform (coming soon).
Emperor DEX – The project’s original decentralized exchange, redesigned for a modern DeFi experience.
Emperor Markets – A soon-to-launch speculative trading and forecasting tool.
Each of these platforms will be powered by $EMPI, the token connecting the entire ecosystem.
$EMPI Tokenomics
Total Supply: 100,000,000 $EMPI
Community: 30% — Rewards, incentives, and ecosystem growth
Team: 15% — 2-year vesting period
Private Sale: 15% — Strategic early contributors
Advisors & Partners: 15% — Network and development support
Partnerships & Ecosystem: 15% — Expansion and future integrations
Liquidity: 10% — Locked for long-term stability
The project has confirmed a fair launch — with no presale or preloaded wallets, ensuring equitable access for all participants.
Roadmap Highlights
Phase 1 – Launch & Exposure
$EMPI launch on PancakeSwap
Listing applications to DEXTools, CoinMarketCap, and CoinGecko
Initial community campaigns & AMAs
Phase 2 – Expansion & Partnerships
Emperor X Launchpad rollout
Strategic exchange listings (CEX integrations)
New partnerships with Web3 gaming studios
Phase 3 – Ecosystem Growth
Launch of Emperor Play Markets
Governance integration for $EMPI holders
Community tournaments, giveaways, and in-game reward events
Phase 4 – Long-Term Vision
Cross-chain gaming integration
Real-world collaborations & gaming IP licensing
Ecosystem DAO and player-owned treasury
Community and Engagement
The Emperor community is at the heart of the project’s growth. Upcoming initiatives include:
Regular giveaways and skill-based competitions for $EMPI holders.
Exclusive access to game betas and ecosystem products.
Cultural branding events that reward creativity and participation.
A community council to vote on key development milestones.
Emperor’s Features
While many tokens rely on hype, Emperor differentiates itself through real product delivery, active community governance, and a sustainable ecosystem design.
Unlike typical meme or utility tokens, Emperor merges DeFi, gaming, and community culture into a unified, evolving experience — where entertainment meets innovation.
About Emperor
Emperor is a community-driven Web3 ecosystem built on Binance Smart Chain. Originally founded as a decentralized exchange, Emperor has grown into a full gaming and DeFi network powered by its native token, $EMPI. The team’s guiding principle is simple: put users first. Independent, transparent, and focused on long-term sustainability, Emperor aims to redefine what it means to build a crypto empire.
Official Links:
Website: https://empi.gg
Whitepaper: https://wp.empi.gg
X (Twitter): https://x.com/emperoronbnb
Telegram: https://t.me/emperordex
Emperor Games: https://empi.gg
Discord: https://discord.gg/emperordexserver
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Investing involves risk, including the potential loss of capital. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.
The Bank of Canada delivered a 25-basis-point interest rate cut as expected.
The Federal Reserve and the Bank of Japan are next in line to announce monetary policy decisions.
XAU/USD struggles to run past $4,000, near-term risk skewed to the downside.
Spot Gold recovered the $4,000 mark after bottoming at $3,886.62 earlier in the week, but is currently hovering around the $4,000 mark. Financial markets are all about central banks on Wednesday, with the Bank of Canada (BoC) already announcing its decision and the Federal Reserve (Fed) and the Bank of Japan (BoJ) coming up next.
The BoC cut its policy rate by 25 basis points to 2.25% as widely anticipated, pushing the Canadian Dollar (CAD) sharply up and maintaining the US Dollar (USD) on the back foot. Policymakers “cut rates to support the economy through adjustment to US trade policy,” according to the accompanying statement.
Coming up next is the Fed, widely anticipated to cut the benchmark rate by 25 bps. It would be interesting to see what Chairman Jerome Powell has to say amid the ongoing government shutdown and the lack of updated data before the announcement. Could the Fed hold its fire? Seems unlikely as it would be an unexpected shock to financial markets, a risk Fed officials are unwilling to take.
Other than that, the BoJ will announce its monetary policy decision early in the Asian session, and is likely to hold interest rates unchanged, although market participants will be looking for hints on interest rate hikes. At the end of the day, the Gold price will react to the market’s sentiment after policymakers unveil their thoughts on economic performance and future monetary policies.
XAU/USD short-term technical outlook
On the 4-hour chart, XAU/USD is currently trading around $3,992, up $27 for the day. A bearish 20 SMA slides south below the 100 SMA, while providing near-term resistance at $4,006, followed by the 100 SMA at $4,113. Conversely, the 200 SMA is advancing and stands at $3,947 beneath the current level, underpinning the broader bias while providing critical support. The Momentum indicator has recovered markedly and now hovers near its midline, lacking sustained directional strength, while the RSI remains flat at 43, suggesting a bearish tilt within consolidation. A sustained move above $4,006 would likely ease selling pressure and open the door to a test of $4,113; failure to reclaim the short-term average would keep risks skewed toward a pullback to the $3,947 support.
In the daily chart, XAU/USD is developing below a bullish 20 SMA that runs above the longer ones, in line with the dominant bullish momentum and hinting at additional gains ahead; the 20 SMA, however, stands at $4,075, acting as dynamic resistance. The 100 SMA is also bullish, advancing at $3,572, while the 200 SMA continues to rise at $3,334. At the same time, the Momentum indicator has reversed decisively, plunging well below the 100 midline, and pointing to strong bearish pressure in the short term. Meanwhile, the RSI has cooled to 50, signaling neutral conditions after earlier overbought extremes. The mix suggests consolidation or a corrective pullback may persist while below $4075; a sustained push above that barrier would likely revive the bullish bias, whereas failure to stabilize risks a deeper slide toward the 100-day SMA at $3,572, with the 200-day at $3,334 next support.
(This content was partially created with the help of an AI tool)
The British pound looks sick, quite frankly. If we break down below the 1.3150 level, then I think the bottom falls out. We go looking to the 1.27 level. We are hanging around the 200-day EMA, and I obviously believe that the FOMC interest rate decision, or perhaps more importantly, the press conference after that, will drive where the U.S. dollar goes next, which obviously will drive where this pair goes.
We do not have an interest rate decision coming out of the United Kingdom this week, unlike the European Central Bank. So, I think this is going to be all about the U.S. dollar. Short-term rallies, I think, open up the possibility of short opportunities at the first signs of exhaustion.
EUR/GBP Technical Analysis
Looking at the euro against the British pound, we continue to rally quite nicely as we are now threatening the 0.88 level. Short-term pullbacks should end up being buying opportunities, but keep in mind that we have the European Central Bank with its interest rate decision on Thursday that would cause some volatility. It looks like the 0.8750 level will be a bit of a floor in this market, so a pullback from here is going to turn around and bounce quite nicely.
I’m looking for dips as value. I don’t have any interest in shorting this market. Breaking above the 0.8750 level opened up the possibility of a move to the 0.89 level based on the measured move of the previous consolidation area.
For a look at all of today’s economic events, check out our economic calendar.
