GBPUSD Technical Analysis: The GBP/USD pair is showing an upward trend at the beginning of today’s session, as it is currently trading at the level of 1.2991. The pair recorded its highest price today at 1.2993 and the lowest price at 1.2938, reflecting positive momentum in the price action.
GBPUSD Technical Analysis: Technical Analysis
Chart analysis indicates that prices have started trading above the moving average indicators, which enhances the strength of the upward trend. In addition, the MACD indicator shows the beginning of a shift from negative to positive, reflecting signs of a possible continuation of purchasing power.
Today’s Expectations
If the upward trend continues, the pair is likely to face resistance levels at 1.3000. While the current support level at 1.2938 may play an important role in maintaining the positive momentum. Price action around these levels should be monitored to ensure the sustainability of the trend.

Trading strategies based on Buy/Sell levels
In case of buying | in case of selling | GBPUSD |
1.2998 | 1.2968 | Entry point |
First resistance: 1.3014 | First support: 1.2958 | Target Point 1 (TP1) |
Second resistance: 1.3038 | Second support : 1.2945 | Target Point 2 (TP2) |
1.2968 | 1.2998 | Stop Loss (SL) |
The GBP/USD pair appears to be in a bullish trend that could continue. We recommend monitoring the price action closely, as any break of the 1.3000 level could open the way for further gains.