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GBPUSD DAILY CHART OUTLOOK: Retracing

Trader 1 · July 17, 2026
General

Failure to hold 1.35+ has seen a move below the 1.3461 breakout level

Catalyst: EURGBP bounce back above .8500 has been a weight on GBPUSD while EURUSD lags and trades a tight range. See upcoming article on using crosses to trade spot currencies.

No key nearby supports given the straight line move from 1.3322

FIBOS for 1.3322 => 1.3557

  • 1.3440 = 50%
  • 1.3412 = 61.8%

Trades offered while below 1.3461, above cools the move.

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