{"id":433921,"date":"2026-07-17T01:46:48","date_gmt":"2026-07-16T18:46:48","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/gbpusd-retraces-to-the-targeted-swing-area-between-1-3446-to-1-3465-433921\/"},"modified":"2026-07-17T01:46:48","modified_gmt":"2026-07-16T18:46:48","slug":"gbpusd-retraces-to-the-targeted-swing-area-between-1-3446-to-1-3465","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/gbpusd-retraces-to-the-targeted-swing-area-between-1-3446-to-1-3465-433921\/","title":{"rendered":"GBPUSD retraces to the targeted swing area between 1.3446 to 1.3465."},"content":{"rendered":"<div>\n<p class=\"PDq2pG_selectionAnchorContainer\">The GBPUSD surged higher yesterday, breaking through a series of important technical hurdles and shifting the near-term bias in favor of the buyers.<\/p>\n<p class=\"PDq2pG_selectionAnchorContainer\">\n<p>The rally began with the pair finding support against the rising 200-hour moving average (currently at 1.3404) before powering through a cluster of key moving averages near 1.3400, including the 100-hour, 100-day, and 200-day moving averages. Buyers then pushed the price above a downward-sloping trend line connecting the recent highs, followed by a break through the key swing area between 1.3446 and 1.3465 (see red numbered circles and yellow area on the chart above). That zone also contained the 61.8% retracement of the decline from the May 1 high at 1.34598, making the breakout even more technically significant.<\/p>\n<p>Once above those levels, upside momentum accelerated, carrying the pair to 1.3557, briefly exceeding the May 12 and May 13 swing highs at 1.35526 before backing off the boil into the close.\u00a0\u00a0<\/p>\n<p>Today&#8217;s price action has seen just the opposite, however, and is testing buyers as to whether that breakout has staying power.<\/p>\n<p>The pair has rotated back lower and, over the last hour, has returned to the former resistance zone between 1.3446 and 1.3465. The broken 61.8% retracement at 1.34598 is also being retested, with today&#8217;s low reaching 1.3460 before finding support.<\/p>\n<p>This is now the key battleground. If buyers step back in and defend this former resistance area as new support, yesterday&#8217;s breakout remains intact and the path higher stays in play. Failure to hold the zone, however, would suggest yesterday&#8217;s rally was driven more by a combination of political headlines, technical short covering, and momentum buying than by a lasting shift in trend. In that case, a deeper pullback toward the moving average cluster near 1.3400, including the 100-day and 200-day moving averages, would become the next downside target.<\/p>\n<p>Bottom line: The 1.3446-1.3465 support zone is the line in the sand.  <\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The GBPUSD surged higher yesterday, breaking through a series of important technical hurdles and shifting the near-term bias in favor of the buyers. The rally began with the pair finding support against&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-433921","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=433921"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433921\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=433921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=433921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=433921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}