GBPUSD – maintains bearish bias while trading below the expanding daily cloud

The pound remained under pressure for the third consecutive session, with fresh weakness on Tuesday reinforcing developing negative signals on the daily chart.

Friday’s failed break above the daily cloud left a Doji candle with a pronounced upper shadow, and the subsequent drop back below the cloud base added to the bearish tone.

Sustained daily close below the cloud base is required to keep fresh bears in play, as the thickening cloud continues to exert pressure. A break of the daily Tenkan-sen (1.3360) would confirm bearish continuation and expose last week’s spike low at 1.3248.

Momentum studies on the daily chart maintain a negative configuration, further supporting the downside scenario.

The cloud base at 1.3406 acts as firm resistance, and a return with a daily close back inside the cloud would temporarily neutralize bearish prospects. The daily Kijun-sen aligns with the cloud top at 1.3487, marking the upper trigger — a decisive break above this level would bring bulls back into play.

Res: 1.3406; 1.3471; 1.3487; 1.3527
Sup: 1.3360; 1.3323; 1.3311; 1.3261