{"id":30872,"date":"2026-03-17T07:58:24","date_gmt":"2026-03-17T07:58:24","guid":{"rendered":"https:\/\/www.vtmarketsglobal.com\/en\/uncategorized\/30872\/"},"modified":"2026-03-17T07:58:24","modified_gmt":"2026-03-17T07:58:24","slug":"after-prior-gains-gbp-usd-edges-down-near-1-3310-in-asia-potentially-slipping-towards-1-3218-lows","status":"publish","type":"post","link":"https:\/\/www.vtmarketsglobal.com\/en\/live-updates\/30872\/","title":{"rendered":"After prior gains, GBP\/USD edges down near 1.3310 in Asia, potentially slipping towards 1.3218 lows"},"content":{"rendered":"GBP\/USD edged lower after rising by nearly 0.75 in the prior session, trading near 1.3310 during Asian hours on Tuesday. The pair is testing support around 1.3300.\n\nThe short-term outlook remains mildly bearish as price stays below the falling nine-day Exponential Moving Average (EMA). It is also trading below the flatter 50-day EMA, pointing to weaker upward momentum.\n\n<h3>Technical Trend Signals<\/h3>\nRecent lower closes from the 1.36 area and an inability to regain the short-term average suggest rebounds may face further downside. The daily chart shows the pair moving lower within a descending channel pattern.\n\nThe 14-day Relative Strength Index (RSI) is near 39, below the 50 midpoint. This indicates ongoing selling pressure, while not yet at oversold levels.\n\nWe see the bearish bias on GBP\/USD prevailing as the pair tests the 1.3300 support level. The failure to reclaim higher moving averages suggests that any upward movement will likely be met with selling pressure. This technical weakness is signaling that downside momentum is still in control.\n\nGiven this outlook, traders could consider buying put options with strike prices below the current 1.3300 support, such as 1.3250 or 1.3200. These positions would profit from a continued decline in the pair&#8217;s value in the coming weeks. We are looking at expirations in late April or early May 2026 to capture this expected move.\n\n<h3>Options Strategy Considerations<\/h3>\nThis view is reinforced by fundamental factors, as recent UK inflation data for February 2026 fell to 1.7%, putting pressure on the Bank of England to consider rate cuts. In contrast, the latest US Non-Farm Payrolls data showed the addition of 210,000 jobs, beating expectations and suggesting the Federal Reserve will hold interest rates steady. This monetary policy divergence strongly favors the US dollar.\n\nThis is a notable shift from the sentiment we observed through much of 2025, when persistent services inflation kept the Bank of England in a more hawkish position. That former bullish driver for the pound has now clearly faded. This makes current rallies seem more like corrective bounces within a downtrend than a genuine reversal.\n\nFor those wanting to manage premium costs or who expect a slow grind lower, a bear call spread could be an effective strategy. This involves selling a call option at a lower strike price, perhaps around 1.3400, and buying another call at a higher strike, like 1.3500. This strategy profits if the pair stays below the lower strike price by the expiration date.\n\n<b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a>\u00a0and\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a>\u00a0now. <\/b>\n<p>\r\n\r\n<p><strong>Start trading now &#8211; Click <a href=\"https:\/\/www.vtmarketsglobal.com\/en\/trade-now\/\">here<\/a> to create your real VT Markets account <\/strong> <\/p>\r\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>GBP\/USD slips near 1.3310, testing 1.3300 support; below key EMAs, bearish channel persists, RSI 39 indicates sellers.<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-30872","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"josephine","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/josephine\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/30872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=30872"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/30872\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=30872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=30872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=30872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}