Select Language

GBP/USD pulls back after inverse head-and-shoulders breakout - Société Générale

Breaking news

GBP/USD pulls back after inverse head-and-shoulders breakout - Société Générale

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
update 2025.09.18 18:06
GBP/USD pulls back after inverse head-and-shoulders breakout - Société Générale

update 2025.09.18 18:06

GBP/USD has retreated to its breakout point after surging toward 1.3725, but with momentum gauges still supportive, holding above 1.3470 would keep the broader uptrend intact, Société Générale's FX analysts note.

Pound tests support as uptrend momentum holds

"GBP/USD broke above the neckline of an inverse head and shoulders pattern earlier this week, advancing toward 1.3725 before pulling back to the breakout level. The daily MACD remains in positive territory, indicating sustained upward momentum."

"In the near term, key support lies at the 50-day moving average and last week's low around 1.3470. Holding above this support could pave the way for a continued uptrend."


Date

Created

 : 2025.09.18

Update

Last updated

 : 2025.09.18

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

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

USD/JPY drops as Powell flags monetary risks, trade frictions boost Yen

USD/JPY drops 0.30% on Tuesday to around 151.80 at the time of writing, in a cautious environment dominated by renewed US-China trade frictions. News that both countries are increasing port fees on cargo shipments has reignited fears of a deeper disruption to global trade.
New
update2025.10.15 02:02

ECB´s Villeroy: More downside than upside inflation risks

European Central Bank (ECB) and Bank of France Governor François Villeroy, a member of the Governing Council, gave a televised Bloomberg interview on Tuesday.
New
update2025.10.15 01:56

EUR/USD rebounds as US-China tensions flare, focus shifts to Powell

The Euro (EUR) advances against the US Dollar (USD) on Tuesday, with EUR/USD erasing earlier losses as the Greenback weakens amid renewed US-China trade tensions and growing expectations of a more dovish Federal Reserve (Fed) stance.
New
update2025.10.15 00:58

GBP/USD slides toward 1.33 as weak UK jobs data fuels BoE rate cut bets

GBP/USD prolongs its losses for the second consecutive day during the week as soft data in the UK justifies the need for lower interest rates by the Bank of England. The extension of the government shutdown in the US, keeps the schedule light, except for Fed Chair Jerome Powell speech.
New
update2025.10.15 00:43

Silver dips after record high as US-China trade tensions, Fed outlook loom

Silver (XAG/USD) declines by 1% on Tuesday, trading around $51.75 per ounce at the time of writing, after reaching a new record high at $53.77 earlier in the day.
New
update2025.10.15 00:43

USD/CAD slips as US-China tensions escalate, Powell in focus

The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Tuesday, with the USD/CAD easing from its intraday peak of 1.4079 to hover around 1.4037 at the time of writing.
New
update2025.10.14 23:53

JPY is outperforming with 0.2% gain - Scotiabank

The Japanese Yen (JPY) is outperforming with a 0.2% gain, strengthening on the back of renewed haven-driven gains in an environment to trade-related risk aversion as markets eye the state of the US-China relationship, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
update2025.10.14 23:38

GBP weak, down 0.5% on broad labor market disappointment - Scotiabank

The Pound Sterling (GBP) is weak, down 0.5% against the US Dollar (USD) and a mid-performer among the G10 in an environment of risk aversion and broad-based USD strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
update2025.10.14 23:36

EUR down marginally vs. USD - Scotiabank

The Euro (EUR) is soft, down a marginal 0.1% against the US Dollar (USD) but outperforming most of the G10 currencies into Tuesday's NA session.
New
update2025.10.14 23:32

CAD softer despite last week's solid jobs data - Scotiabank

The Canadian Dollar (CAD) is softer but holding up somewhat better than many of its G10 peers on the session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
update2025.10.14 23:29

Disclaimer:arw

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.

  • Facebook
  • Twitter
  • LINE

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

I agree
share
Share
Cancel