GBP/USD technical analysis

Source: Dukascopy Bank SA
GBP/USD is showing a clear short-term uptrend, with price trading above the 60-period SMA, which is sloping upward and supporting bullish momentum. After a recent pullback toward the moving average, buyers stepped in again, showing that the trend structure remains healthy. The pair is currently moving between key levels, with resistance around 1.3280 where price was recently rejected, and support near 1.3215, a level that has acted as both resistance and support. The RSI is around 60 and rising, indicating strengthening bullish momentum without being overbought.



If price breaks above 1.3280, it could extend toward 1.3320–1.3350, continuing the uptrend. A drop below 1.3215, however, would expose 1.3180 and possibly 1.3150 as deeper support areas.

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