Cable appears to be continuing its strengthening toward the nearest resistance level. Tuesday, August 5, 2025.
Cable appears to be continuing its strengthening toward the nearest resistance level. Tuesday, August 5, 2025.
GBP/USD – Tuesday, August 5, 2025.Although
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GBP/USD – Tuesday, August 5, 2025.Although the RSI(14) indicator is at a neutral-bearish level, the Golden Cross of the EMA indicates that buyers are still quite dominant in Cable, so GBP/USD still has the potential to continue strengthening in the near term.Key Levels1. Resistance 2: 1.3363.2. Resistance 1: 1.3322.3. Pivot: 1.3287.4. Support 1: 1.3246.5. Support 2: 1.3211.Tactical ScenarioPositive Reaction Zone: If the price breaks through and closes above 1.3287, cable will continue to strengthen to 1.3322.Momentum Extension Bias: If the
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