Created
: 2025.07.22
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
GBP/USD rebounds after testing June low - Société Générale
World FX news
Breaking news
GBP/USD rebounds after testing June low - Société Générale
New
2025.07.22 17:59
2025.07.22 17:59
2025.07.22 17:59
GBP/USD is attempting a rebound after finding support near its June low at 1.3360, but technical signals point to waning bullish momentum. The upside may remain limited unless the pair overcomes key resistance around 1.3630, Société Générale's FX analysts note.
Upside capped near 1.3630 resistance
"GBP/USD has undergone a steady pullback after facing strong resistance near 1.3785 earlier this month. The pair has slipped below the 50-DMA and breached an ascending trendline established since January, signalling weakening upward momentum."
"The pair has found tentative support at the June low of 1.3360. A bounce is under way however, the upside may be capped near 1.3630, the 61.8% retracement of the recent pullback. A break below 1.3360 could lead to extension in decline."
Last updated
: 2025.07.22
Related articles
US Dollar steadies as markets weigh US-Japan deal
2025.07.23 21:28AUD/JPY pulls back from intra-day highs at 96.65, despite the favourable risk sentiment
2025.07.23 20:46US Treasury Sec. Bessent: Not in a rush to nominate Powell's replacement
2025.07.23 20:43Gold Price Forecast: XAU/USD eyes triangle breakout, aims to revisit all-time highs around $3,500
2025.07.23 20:39JPY trade relief is tempered by political risk - Scotiabank
2025.07.23 20:32GBP: Few domestic developments ahead PMI's Thursday - Scotiabank
2025.07.23 20:30
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Silver Price Forecast: XAG/USD treads water near multi-year highs amid cautious optimism
Silver (XAG/USD) is treading water on Wednesday after a sharp two-day run to mark fresh multi-year highs. The metal consolidating just below the key $39.50 mark during the American trading hours.
New
2025.07.23 22:19Gold rally pauses as US-Japan deal offers temporary relief, Fed pressure and EU risks linger
Gold (XAU/USD is undergoing a modest pullback on Wednesday, as markets assess the implications of a United States (US)-Japan trade agreement and remain cautious ahead of further developments in the European Union (EU)-US negotiations.
New
2025.07.23 21:32US Dollar steadies as markets weigh US-Japan deal
The US Dollar (USD) steadies on Wednesday after a rough three-day decline. Traders seem to be taking a breather as tensions around global trade ease somewhat after the US and Japan reached a trade deal ahead of the looming August 1 tariff deadline.
New
2025.07.23 21:28AUD/JPY pulls back from intra-day highs at 96.65, despite the favourable risk sentiment
The Australian Dollar is one of the strongest performers in a risk-off session on Wednesday and is trading higher against the safe-haven Japanese Yen.
New
2025.07.23 20:46US Treasury Sec. Bessent: Not in a rush to nominate Powell's replacement
In an interview with Bloomberg TV on Wednesday, United States (US) Treasury Secretary Scott Bessent noted that they are not in a rush to nominate a new Federal Reserve (Fed) chair to replace Chairman Jerome Powell.
New
2025.07.23 20:43Gold Price Forecast: XAU/USD eyes triangle breakout, aims to revisit all-time highs around $3,500
Gold price (XAU/USD) trades firmly above $3,400 during the European trading session on Wednesday, the highest level seen in over five weeks. The precious metal strengthens as global trade tensions continue to persist even as the United States (US) has confirmed a trade agreement with Japan.
New
2025.07.23 20:39JPY trade relief is tempered by political risk - Scotiabank
The Japanese Yen (JPY) is up a marginal 0.1% against the US Dollar (USD) as market participants temper their response to the announcement of a US/Japan trade agreement amid uncertainty surrounding PM Ishiba's political future, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.07.23 20:32GBP: Few domestic developments ahead PMI's Thursday - Scotiabank
The Pound Sterling (GBP) steady, showing a marginal gain as it extends its recovery of the month-to-date pullback from its July 1 high, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.07.23 20:30EUR is underperforming on the day - Scotiabank
The Euro (EUR) is soft, down 0.2% against the US Dollar (USD) and underperforming all of the G10 currencies into Wednesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.07.23 20:28CAD extends gains on soft USD - Scotiabank
The Canadian Dollar (CAD) is trading a little firmer in overnight trade, extending progress made yesterday amid a broader slide in the US Dollar (USD) to push under 1.36, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.07.23 20:26Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
