GBP/USD Technical analysis

Source: Dukascopy Bank SA
GBP/USD 1H chart shows a mild bullish trend, with price trading above the rising 60-period SMA and holding steady after breaking out of a recent consolidation zone. The pair is currently pulling back slightly from the resistance area around 1.3260–1.3280, while support near 1.3215 remains the key level keeping the uptrend intact. Momentum is still positive, as reflected by the RSI sitting around 56, suggesting buyers remain in control without the market being overbought. As long as price stays above the SMA and maintains support at 1.3215, the bullish structure is likely to continue, and a sustained break above 1.3280 could open the way toward the 1.3300 region.



As long as price stays above the SMA and maintains support at 1.3215, the bullish structure is likely to continue, and a sustained break above 1.3280 could open the way toward the 1.3300 region.
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