GBP/USD Technical Analysis
The British pound (GBP/USD) continues to firm, trading around $1.3277 as it respects a rising trendline from April’s lows. The 50 EMA, currently at $1.3204, offers near-term support, aligning with the ascending structure.
Price action remains constructive, with bulls aiming to breach immediate resistance at $1.3334. A close above this level could expose the $1.3387 and $1.3448 targets.
On the downside, support sits at $1.3252 and deeper at $1.3206. Momentum remains favorable while price stays above the 50 EMA, but a close below the trendline may shift sentiment.
For now, the technical picture favors another leg higher, especially if GBP/USD clears $1.3334 on strong volume and continued dollar softness.
