GBP/USD Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The FX pair is currently trading above its simple moving averages and remains above the key psychological level of 1.3400. This positioning indicates underlying bullish momentum. However, if bearish pressure emerges, the first area of support to watch is at 1.3350. A decisive break below this level could open the door for a further decline toward the next support zone around 1.3260.



On the other hand, sustained bullish momentum could lead to a test of the immediate resistance near 1.3500. A breakout above this resistance level would further reinforce the upward trend and potentially signal a continuation of the bullish move.

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