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**The GBP/USD Rises Carefully – Technical & Fundamental Analysis (10 July 2025)**
*Based on analysis and methodologies typically employed by Economies.com — attribution to Economies.com and its analysts.*
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### Overview
The GBP/USD currency pair exhibited cautious upward movement as of July 10, 2025, reflecting a blend of technical resilience and fundamental uncertainty. While sterling attempts to rebound, traders remain attentive to both UK macroeconomic data and evolving US dollar sentiment.
This analysis reviews current technical indicators, highlights fundamental themes, and forecasts potential GBP/USD scenarios for the near and medium term.
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### Technical Analysis
As of the European session on July 10, 2025, GBP/USD is exhibiting a slow but steady recovery, retesting key resistance levels and moving within a well-defined price channel.
**Support and Resistance:**
– **Immediate support:** 1.2760 – a region where buying interest has recently emerged.
– **Primary resistance:** 1.2850 – aligning with the 50-day Exponential Moving Average (EMA) and prior swing highs.
– **Major upside target:** 1.2920 – representing a multi-month resistance ceiling.
– **Critical downside level:** 1.2700 – a psychological area that, if broken, could spur further losses.
**Price Action:**
– Price has stabilized above 1.2760, bolstered by a reduction in dollar strength and technical profit-taking.
– Candlestick patterns on the 4-hour timeframe suggest indecision, with long wicks indicating ongoing tussles between bulls and bears.
– The 14-day Relative Strength Index (RSI) is neutral, hovering near 50, signaling neither overbought nor oversold conditions.
**Moving Averages:**
– The 50-day EMA acts as dynamic resistance, tracked closely by short-term traders.
– The 200-day SMA, sitting near the 1.2920 level, serves as a medium-term barrier.
– Price above the 20-EMA but not decisively clearing the 50-EMA indicates a market inclined toward consolidation with mild bullish bias.
**Key Technical Observations:**
– **Bullish signals:**
– Sustaining above 1.2760 increases the probability of an advance toward 1.2850 and potentially 1.2920.
– Formation of higher lows in recent sessions reveals underlying buying interest.
– **Bearish risks:**
– A daily close below 1.2700 would nullify the current bullish structure and open the way to
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