FX.co ★ Cable still has the potential to continue its decline to its support level on Monday, July 14, 2025.

GBP/USD – Monday, July 14, 2025

GBP/USD is moving in a weakening condition where this is confirmed by its price movement below the 50-EMA, which is also below the 200-EMA, and confirmed by the RSI (14) which is at the Bearish Neutral level (35.32).

Key Levels

1. Resistance 2: 1.3621.

2. Resistance 1: 1.3555.

3. Pivot: 1.3517.

4. Support 1: 1.3451.

5. Support 2: 1.3413.

Tactical Scenario

Pressure Prone Zone: If the price breaks through and closes below 1.3451, Cable will head towards 1.3413.

Momentum Extension Bias: If GBP/USD successfully breaks through and closes below 1.3413, it has the potential to continue its decline to 1.3347.

Invalidation Level / Bias Revision

Downside bias is maintained if the price successfully breaks through and closes above 1.3621.

Technical Summary

Cable's price movement is moving within a Higher Low - Lower Low position, with the 50-day moving average (EMA) at 1.35114 and the 200-day moving average (EMA) at 1.3566. This Death Cross indicates that sellers are still quite dominant. Furthermore, the RSI is at 35.32 (Neutral Bearish), indicating that the decline is still in a relatively volatile state.

Economic News Release Agenda:

Expectations for a dovish Bank of England (BoE) policy stance and President Trump's trade war tariffs appear to be weighing on the GBP/USD currency pair today.

There are no news releases for the GBP/USD pair today.