FX.co ★ GokBoruHunter | GBP/USD

GBPUSD DAILY CHART ANALYSIS The GBPUSD down again today, the pound versus the dollar falls into the middle of the 1.3500 range, hitting a low not seen in over seven days. Fresh numbers from Britain show joblessness ticking higher, 5.2% now, compared to 5.1% earlier, a shift reported by the national stats office covering December. That rise marks the weakest labor outlook since 2021s opening stretch. Though employment held firm for many months, signs are piling up that momentum is fading. Pressure builds on the currency pair as markets adjust expectations. A closer look at the numbers helped soften the overall message. Job benefit claims went up by 28.8 thousand during January, pointing to a slow but clear weakening in employment trends early in 2026. Meanwhile, pay increases are losing steam, something officials at the Bank of England keep an eye on. For the period ending in December, average earnings without bonuses climbed 4.2% compared to last year, down from 4.6% just before. A slight dip in total earnings, now rising at 4.2%, down from 4.6%, hints at softer wage trends. That shift might mean less push on prices coming from jobs, related costs. With pay increases losing momentum, the Bank of England could feel more comfortable shifting toward looser settings. Soon comes the UK inflation data, so traders stay alert. Job numbers just released have nudged hopes higher for an early rate cut by the Bank of England, possibly even in March. If prices do not jump more than expected, weaker job trends might give officials reason to ease policy faster. That changing outlook drags down the pound, making it hard for the currency to bounce back. Across the board, the U.S. dollar edged higher, reaching its strongest point in seven days, which pushed the pound lower against it. Still, gains in the dollar look limited. A cooler inflation report from American consumers last week led investors to lean more heavily on expectations of a Fed rate cut starting midyear. Markets now suggest there could be two cuts by 2026 at a minimum. Still, doubts around political influence on the Fed weigh on the dollars gains. Because of this, even though the greenback holds an edge over the pound, wider confidence in its rise remains shaky. The daily chart is still leaning downward. Inside a falling trend line, each bounce seems to fade faster than it builds. What you see is a series of shrinking peaks and dropping valleys. This pattern hints at correction, not momentum. Movement stays confined, pressured from above more often than breaking free. On the four-hour view, pound against dollar circles back toward support close to 1.3550, sitting just above the 200-period average. Lately, prices have bounced or dipped at this point, making it key to deciding what comes next. Below zero, the MACD bars hold steady, meaning the main line still trails its trigger line near midlevel ground. Bearish lean sticks around, yet being so near neutral hints the selling isnt piling up hard. Right now, the Relative Strength Index sits around 40, edging up just a bit after previous dips. Though it hasnt hit extreme low levels, the reading still leans flat or slightly down, hinting that price gains might stall without a stronger upward force. Should buyers want to take charge again, theyd need to lift the RSI past 50, clear proof of firmer demand returning. A move higher than the climbing 200-day average might keep things steady for now, possibly leading to sideways motion or a small bounce. Yet should prices fall clearly under that level, it could give confidence to those selling, turning eyes toward lower targets. Without big news driving shifts, this pair may just drift within narrow bounds, caught between a firm greenback and shaky pound mood, with chart points shaping trades day by day.