FX.co ★ dusty24 | GBP/USD

GBP/USD, Wednesday, May 27, 2026

A slight strengthening of the USD Index on Tuesday dragged down the major currency pair GBP/USD away from the higher 1.35088 area as previously expected. On the H4 timeframe this morning, candles are seen swinging at the price level of 1.34525, swinging in the convergence area of the orange EMA200 line with the purple EMA50 and the blue EMA21. Meanwhile, the CCI14 indicator still appears to be swinging downwards strongly, leaving the neutral area of the zero line. Therefore, the plan to SELL GBP/USD for today remains a profitable trading option, by placing a stop loss above the higher 1.35088 area and a target below the lower 1.33020 area.