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Market Overview
The GBP/ETB pair closed at 208.23709 on January 10, 2026, reflecting a marginal increase of 0.01% from the previous close of 208.21913, despite a 4.35% decline over the past 30 days. The pair remains in a downtrend, supported by the 20-day SMA at 208.2250, 50-day SMA near 208.2249, and 200-day SMA levels, with the RSI indicating subdued momentum. Nearest support is around 208.2088, while resistance is near 208.4224. No significant upcoming economic events are currently expected to disrupt this range-bound behavior. Technical indicators suggest continued mild bearish pressure with limited volatility. For information only.
Last Updated 1/16/26

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.