05.08.202507:05 Forex Analysis & Reviews: Cable appears to be continuing its strengthening toward the nearest resistance level. Tuesday, August 5, 2025.

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GBP/USD – Tuesday, August 5, 2025.

Although the RSI(14) indicator is at a neutral-bearish level, the Golden Cross of the EMA indicates that buyers are still quite dominant in Cable, so GBP/USD still has the potential to continue strengthening in the near term.

Key Levels

1. Resistance 2: 1.3363.

2. Resistance 1: 1.3322.

3. Pivot: 1.3287.

4. Support 1: 1.3246.

5. Support 2: 1.3211.

Tactical Scenario

Positive Reaction Zone: If the price breaks through and closes above 1.3287, cable will continue to strengthen to 1.3322.

Momentum Extension Bias: If the 1.3322 level is successfully broken through and closes above it, GBP/USD has the potential to continue strengthening to 1.3363.

Invalidation Level / Bias Revision

Upside bias weakens when the GBP/USD price corrects and breaks through and closes below 1.3211.

Technical Summary

EMA(50): 1.3286.

EMA(200): 1.3272.

RSI(14): 43.69.

Economic News Release Agenda:

Economic data will be released from the UK this afternoon: UK Final Services PMI at 15:30 WIB and the UK 10-year Bond Auction with a tentative time.

Meanwhile, the United States will release economic data tonight: the US 10-year Bond Auction at 19:30 WIB, the US Final Services PMI at 20:45 WIB, the US ISM Services PMI at 21:00 WIB, and the US RCM/TIPP Economic Optimism (with a tentative timeframe).

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