• GBP/USD may fall toward the lower boundary of the descending channel around 1.3130.
• The 14-day Relative Strength Index hovers in the low-40s, indicating weak momentum.
• The pair tests the initial resistance at the nine-day EMA of 1.3255.

GBP/USD holds its position after registering over 0.25% gains in the previous day, trading around 1.3240 during the early European hours on Tuesday. The technical analysis of the daily chart indicates a persistent bearish bias, as the pair moves lower within the descending channel.

The GBP/USD pair holds below both the nine-day and 50-day Exponential Moving Averages (EMAs), which cap the upside and keep the near-term bias mildly bearish. Price action has been grinding lower from the mid-1.34s, and the failure to reclaim the nine-day EMA underscores persistent selling on rallies.

The latest 14-day Relative Strength Index (RSI) hovers in the low-40s, confirming weak momentum rather than oversold conditions and leaving room for further downside extension.

The GBP/USD pair may find its primary support at the descending channel’s lower boundary around 1.3130. A break below the channel would expose the 1.3010, the lowest since April 2025, which was recorded in November 2025.

On the upside, the immediate barrier lies at the nine-day EMA of 1.3255. Further advances would lead the GBP/USD pair to test the 50-day EMA at 1.3380, followed by the upper descending channel boundary around 1.3430. A successful break above the channel would cause an emergence of a bullish bias, supporting the pair to explore the area around the 1.3869, the highest level since September 2021, reached on January 27.

(The technical analysis of this story was written with the help of an AI tool.)