The GBPUSD market maintains a positive bias as trend strength and buying interest improve. GBPUSD is advancing within a well-supported upward phase, reinforced by strong alignment between trend direction and momentum indicators. Price action remains firmly above the upward-sloping 9-day simple moving average, confirming that near-term control continues to favor buyers. The MACD structure remains constructive, holding above the zero line with gradually improving histogram readings, signaling strengthening participation rather than a reactive bounce. This technical configuration reflects a market environment where downside attempts continue to meet consistent absorption.
Structurally, the pair has completed a clear transition away from its prior bearish formation, establishing a sequence of higher lows and progressive highs. The impulsive rally from the $1.33200–$1.33600 demand zone invalidated earlier supply pressure around $1.34800 and extended decisively beyond $1.36320, confirming a shift in market character. Sustained acceptance above these former resistance levels reflects weakening sell-side conviction, while shallow retracements highlight strong underlying demand. The recent advance toward $1.37035 further reinforces the presence of active directional buying. Price action suggests continued upside potential toward the $1.38000 resistance area. The broader bullish framework remains intact as long as the market holds above the $1.34800–$1.33650 support region, maintaining controlled downside risk. Any short-term retracement into this zone is likely to act as structural support rather than a reversal trigger, while a confirmed break above $1.38000 would expose higher psychological levels.
GBPUSD Short-Term Trend: Bullish
GBPUSD maintains a bullish four-hour structure, with price holding firmly above the rising 9-period moving average, confirming sustained buyer control. The impulsive break above the $1.36320 resistance level signals strong demand absorption and a decisive improvement in short-term structure.
Previous consolidation within the $1.34000–$1.34500 region now functions as a confirmed demand base, supporting upside continuation. As long as price remains above $1.35680, the technical outlook favors further appreciation toward $1.37000 and higher resistance levels, aligning with broader market expectations often tracked through forex signals.
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