GBPUSD short-term analysis – breakdown suggests weakness
GBPUSD hourly shows weakness ahead of the US session
Senior Market Strategist
Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.
Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.
Page 72 of 109
GBPUSD hourly shows weakness ahead of the US session
The shorter-term chart is at support. This may provide a platform for long positions.
Oil momentum turns positive on the Saudi energy minister's comments.
Gold has charted an ascending wedge on its hourly time frame.
Current index weakness introduces the possibility of a bear market rally scenario.
The EURUSD's downside momentum is strong. This drive suggests that parity won't hold for much longer.
The USDOLLAR was exceptionally strong last week. There are reasons to believe that this is set to continue.
US30 shows uncertainty for the week, as Fed officials give mixed signals.
Bitcoin has broken down out of a bearish continuation pattern.
The Turkish Central Bank has cut rates by 100bps in an inflationary environment.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.