Our pivot point is at 1.3356.
Our preference: The downside prevails as long as 1.3356 is resistance, with 1.3288 and 1.3273 as targets
Alternative scenario: above 1.3356, look for 1.3383 and 1.3399.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 1.3414 and 1.3428). The GBP/USD is trading below its lower Bollinger band (standing at 1.3337).
Supports and resistances:
1.3399 **
1.3383 *
1.3356 **
1.3323 last
1.3288
1.3273 **
1.3257 *
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-10-2026 at 17:45 UTC+1
Price reference: 1.3323 last known on 11-10-2026 at 17:45 UTC+1
Investment horizon: INTRADAY
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