News
7x24
Quotes
Economic Calendar
Video
Data
- Names
- Latest
- Prev.
Uptrend Remains Intact, Awaiting End of Pullback
Summary:
Recent UK economic data has provided solid support for the pound's upward movement, while technical indicators show that candlestick patterns maintain an uptrend.
Buy
CLOSEDGBPUSD
End Time
1.36022
Entry Price
1.41800
TP
1.35100
SL
1.36583 +0.00533 +0.39%
922
Points
Loss
1.35100
SL
1.35097
CLOSING
1.36022
Entry Price
1.41800
TP
Fundamentals
Two key drivers are currently influencing the pound's trajectory: first, a surprise rebound in inflation; and second, a recovery in retail and consumer activity. Data released by the UK Office for National Statistics shows that the December CPI year-on-year rose from 3.2% in November to 3.4%. The increase was broad-based, with food and services prices contributing significantly to the rebound. This has reduced market expectations for rapid interest rate cuts by the Bank of England, offering short-term support to the pound. Meanwhile, December retail sales unexpectedly increased by 0.4% month-on-month, indicating resilience in year-end consumption. This provides real demand-side support for the UK economy and partially offsets concerns about slowing growth. The combined fundamental logic is as follows: rising inflation slows the expected pace of rate cuts, while improving retail data increases the likelihood of a soft landing for the economy. Together, they offer the pound "delayed but stable" support.
However, external conditions for the pound are not straightforward. The US dollar has strengthened recently on expectations that the Federal Reserve will slow its pace of rate cuts. Investors are using the Fed's policy rhythm as a key anchor for risk asset pricing. If the dollar's retreat is delayed, the pound may struggle to achieve a swift unilateral rally even amid favorable domestic data. Conversely, if the dollar weakens due to US economic data or political events, the pound could seize the opportunity to rebound. As such, the current fundamental picture is: "domestic data is slightly positive, but the short-term ability to break out hinges on the dollar's momentum."
Technical Analysis
Based on the daily chart, GBP/USD's recent candlestick movements exhibit a clear bullish trend, with the moving average system arranged in a bullish formation. The 60-day moving average is showing signs of crossing above the 144-day moving average, potentially forming a golden cross, which suggests strong continuity in the uptrend.
From a technical perspective, GBP/USD encountered resistance near the Fibonacci 1.0 extension level at 1.3860, then pulled back, holding above the Fibonacci 0.5 extension level at 1.3600. Short-term downward momentum may be weakening. If today's closing price remains above 1.3600, the uptrend is likely to continue.
Trading Recommendations
Trading direction: Buy
Entry Price: 1.3610
Target Price: 1.4180
Stop Loss: 1.3510
Valid Until：Feb 19, 2026, 23:00:00
Support: 1.3600/1.3540
Resistance: 1.3600/1.3540
Risk Warnings and Investment Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.
Quick Access to 7x24
Quick Access to More Editor-selected Real-time News
Exclusive video for free
FastBull project team is dedicated to create exclusive videos
Real-time Quotes
View more faster market quotes
More comprehensive macro data and economic indicators
Members have access to entire historical data, guests can only view the last 4 years
Member-only Database
Comprehensive forex, commodity, and equity market data
English
English
العربية
繁體中文
简体中文
Bahasa Melayu
Bahasa Indonesia
ภาษาไทย
Tiếng Việt
Copyright © 2026 FastBull Ltd
Home News Columns 7x24 Economic Calendar Quotes Video Data WarehouseAnalysis AI Signal Pro User Agreement Privacy Policy About Us
Risk Disclosure
The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.
Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.