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GBPUSD 5.11.2025
Overall trend:
GBP continues to trend lower after losing the 1.3250 area, with price trading around 1.3040–1.3050. The absence of any firm close back above 1.3150/1.3250 keeps the broader bias bearish, and the current bounces still look more like technical rebounds from depressed levels than a true reversal.
Expected scenario:
Bullish: Regaining 1.3150 would encourage a corrective move toward 1.3250.
Bearish: Persistent trading below 1.3150 and a renewed drop under 1.3040 keeps focus on 1.3000, then 1.2950 if selling pressure builds.
Key levels:
Resistance: 1.3150 – 1.3250
Support: 1.3040 – 1.3000 – 1.2950
*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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