Forex · GBPUSDConfidence · 98%BullishSources · 539
GBP/USD Stalls Below 1.3600 61.8% Fib Retracement in Sideways Consolidation
As of May 12, 2026, GBP/USD trades neutrally near the 1.3603 daily pivot, with upside capped by the 61.8% Fibonacci retracement at 1.3600 amid ongoing consolidation. The pair rallied sharply to a 1.3657 high on May 1-2 after the BoE's hawkish rate hold at 3.75%, triggering a golden cross and rebound from EMAs near 1.3520-1.3550, while RSI stayed neutral at 50-60. Buyers have defended supports like 1.3577 and 1.3453, preserving bullish potential toward 1.3725 projection and 1.4248 if key levels hold.
Sources
bitcoinworld.co.in
- 61.8% Fibonacci retracement near 1.3600 (primary resistance)
- Immediate breakout zone: 1.3600–1.3610; next resistance ~1.3700
- Key supports: 1.3550, 1.3500, 1.3470 (38.2% fib) and 50-day moving average
- RSI on daily chart near overbought; article date 2026-05-12
actionforex.com
- Daily pivots: S1 1.3555; Pivot 1.3603; R1 1.3656
- Support 1.3453 intact — further rise expected while this holds
- Break of 1.3657 targets 61.8% projection at ~1.3725, then potential retest of 1.3867
- Medium-term bullish from 1.0351 (2022 low); key resistance at 1.4248 (2021 high); support at 1.3008
actionforex.com
- Daily pivots: S1 1.3568; Pivot 1.3602; R1 1.3659
- Intraday support: 1.3453 (intact)
- Break above 1.3657 targets 1.3725 (61.8% projection) and then 1.3867
- Medium-term upside target: 1.4248 (2021 high); uptrend from 1.0351 low (2022)
orbex.com
- Price passed above resistance 1.3485 and reached first target 1.3580
- Immediate support: 1.3485; secondary support zone: 1.3340–1.3380; tertiary support: 1.3200
- Immediate resistances: 1.3580 and 1.3710–1.3735; higher resistances at 1.3850 and 1.3950
- Article date: May 11, 2026
actionforex.com
- GBP/USD low formed at 1.3547 and consolidating above 1.3350
- Immediate GBP/USD resistances: 1.3600 (61.8% Fib / 50-hr MA) and bearish trendline at 1.3620
- GBP/USD downside risk below 1.3515 could target 1.3450
- USD/CAD cleared a bearish trendline at 1.3695 and hit a swing high at 1.3723
- USD/CAD breakout zone 1.3740 with targets at 1.3800 and 1.4000
actionforex.com
- Daily pivots: S1 1.3568; Pivot 1.3602; R1 1.3659
- Support at 1.3453 remains intact
- Break of 1.3657 targets 61.8% projection at 1.3725 and then 1.3867
- Medium-term uptrend from 1.0351 with 1.3008 support; longer-term target 1.4248
actionforex.com
- Trading below 1.3657 (range)
- Immediate support at 1.3453
- Break above 1.3657 targets 1.3725 then 1.3867
- Medium-term support at 1.3008 (bullish while intact)
- Long-term resistance zone 1.4248–1.4480 (decisive break would reverse long-term outlook)
actionforex.com
- Daily pivots: S1 1.3522; P 1.3577; R1 1.3607
- Resistance at 1.3657; above it targets 1.3725 (61.8% projection) and then 1.3867
- Support at 1.3453; break below targets 1.3158
- Medium-term support 1.3008 intact; longer-term target 1.4248 (2021 high)
bitcoinworld.co.in
- Key support: 1.3600 (must hold for next leg higher)
- Immediate resistance target: ~1.3750
- Downside target if 1.3600 breaks: ~1.3400
- 14-day RSI is ~50 (neutral momentum)
- Article date: 2026-05-08
orbex.com
- Price cleared resistance 1.3485 and reached first target 1.3580
- Immediate support: 1.3485
- Near-term resistance target: 1.3710–1.3735 (next 1.3850)
- Secondary support zone: 1.3340–1.3380 (level3: 1.3200)
