GBP/USD continued its upward trajectory for the third consecutive day, trading around the 1.3600 level during Asian hours on Thursday, as the pair rebounded from the lower boundary of its ascending channel and maintained a constructive bullish bias [1]. Technical analysis indicates that GBP/USD is trading above both the nine-period and 50-period Exponential Moving Averages (EMA), reinforcing the broader uptrend [1]. The 14-day Relative Strength Index (RSI) is near 60, suggesting firm but not overextended bullish momentum [1].
Key resistance levels for GBP/USD include the 11-week high of 1.3758, reached on May 1, and the 1.3869 mark, the highest since September 2021, which was last seen on January 27. The upper boundary of 1.4040 is also noted as a potential target for further advances [1]. On the downside, immediate support is found at the nine-day EMA of 1.3556, followed by the lower boundary of the ascending channel at 1.3540 and the 50-day EMA at 1.3467. A break below these levels could expose the five-month low of 1.3159, recorded on March 31, and the 1.3010 level, the lowest since April 2025, recorded in November 2025 [1].
In terms of daily performance, the British Pound was the strongest against the Swiss Franc, gaining 0.06%, and showed a modest 0.02% gain against the US Dollar [1]. The heat map of major currencies indicates that GBP's performance was generally stable to slightly positive against most peers [1].
No explicit forward-looking statements or analyst opinions were provided in the article, but the technical setup suggests that the bullish bias remains intact as long as GBP/USD holds above key support levels [1].
CONCLUSION
GBP/USD is exhibiting sustained bullish momentum, supported by technical indicators and recent gains against major currencies. The pair's ability to hold above key support levels will be crucial for further advances. Market sentiment remains constructive, with no immediate signs of reversal.