Sterling Tests 1.3194 as a Break Could Threaten the Pound's Yearly Range

Sterling is testing major support near 1.3194 as Michael Boutros, StoneX Media Senior Market Analyst, maps the British pound's key levels across weekly, daily and four-hour charts. An upward revision to UK GDP has supported a rebound, but sterling still needs to clear resistance near 1.3302-1.3314 to strengthen the case for a near-term low. A close below 1.3194 could put the yearly range at risk as U.S. employment and inflation data shift rate expectations. Like and subscribe for more financial market insights. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_boutros&utm_content=share 00:00 - Sterling's Range at Risk 00:05 - Sterling RSI Tests 1.3194 01:14 - Sterling Rebound Hits Resistance 02:01 - Sterling Bulls Need 1.3314 02:53 - Sterling's 1.3194 Break Risks More Losses 04:16 - Sterling Meets U.S. Data Like and subscribe for more financial market insights. #GBPUSD #StoneX #MichaelBoutros #Forex --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social