Headline: GBP/USD Hits New Lows as Support Break Fuels Bearish Momentum
Introduction: The British pound weakened against the U.S. dollar as traders weighed the latest UK inflation data, the U.S. Bureau of Labor Statistics’ delay to the jobs report, and a clear technical breakdown on the charts. Risk sentiment and momentum aligned to push GBP/USD to fresh session lows, keeping key psychological levels in focus.
After attracting bids during the European morning, GBP/USD slipped decisively beneath the 1.30837–1.30956 swing zone on the hourly chart. A brief bounce faded in U.S. trading, allowing sellers to reclaim control and drive the pair down to roughly 1.3052. The loss of that support band has tilted the near-term bias firmly lower, with selling pressure accelerating as technical stops were triggered.
From here, bears are eyeing the November trough at 1.3009, followed by the symbolic 1.3000 handle. A sustained break below 1.3000 would put a larger downside target in play near 1.29414—the 50% midpoint of the 2025 trading range—a level that has historically attracted two-way interest. On the topside, the technical picture remains negative while price action holds beneath 1.30837–1.30956; reclaiming that zone would be the first sign of waning bearish conviction and could pave the way for a broader corrective rebound.
Key Points: – GBP/USD extended losses as UK CPI, a delayed U.S. jobs report, and technical factors pressured the pair. – Hourly breakdown below the 1.30837–1.30956 swing area sparked accelerated downside momentum. – Session low printed near 1.3052, keeping focus on the November low at 1.3009 and the 1.3000 psychological level. – A clean move under 1.3000 would expose the 1.29414 area, the 50% midpoint of the 2025 trading range. – Bearish bias persists while below 1.30837–1.30956; a recovery above that zone would signal potential corrective upside.
