Live Updates > Live Update Details
2025-10-30 16:30:50
[GBP/USD Flat After Dollar Stabilizes] ⑴ GBP/USD traded sideways around 1.3193 during Thursday's (October 30) European session. The pair stabilized as the dollar recovered its early losses. ⑵ The Dollar Index (DXY), which tracks the dollar's value against six major currencies, remained flat around 99.20. ⑶ GBP/USD found temporary support after hitting a near six-month low of 1.3139 on Wednesday. Looking ahead, the pair is likely to remain bearish as it trades below its 200-day exponential moving average (around 1.3294). ⑷ The 14-day Relative Strength Index (RSI) has fallen below 40.00, indicating new bearish momentum. ⑸ On the downside, the psychological level of 1.3000 will be a key support level. ⑹ On the upside, the area around the October 28 high of 1.3369 will constitute key resistance.
