GBP/USD Technical Analysis. The GBP/USD pair continues its short-term upward trend, after breaching the 1.35 barrier at the start of the European session. The pound’s strong performance is supported by its technical stability above important support levels.
Technical Overview of the GBP/USD Pair
The overall trend is bullish. The price has stabilized above 1.3450, supported by the moving averages and a positive crossover on the MACD.
Technical Indicators Analysis:
Moving Averages: The price is moving in balance with the moving average lines, supporting the continuation of the upward momentum.
The MACD indicator: is showing a strong bullish crossover.
The Stochastic indicator: is moving within overbought areas, but without any reversal signals yet.
GBP/USD Technical Analysis : Expected Scenarios
Bullish Scenario:
A break above 1.3511 opens the way towards 1.3540 and then 1.3582.
Bearish Scenario:
A return below 1.3529 could push towards a test of 1.3451.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | GBPUSD |
| 1.35561 | 1.35293 | Entry point |
| First resistance: 1.35882 | First support: 1.34946 | Target Point 1 (TP1) |
| Second resistance 1.36200 | Second support 1.34500 | Target Point 2 (TP2) |
| 1.35293 | 1.35561 | Stop Loss (SL) |
The British pound still has the potential to rise as long as it maintains stability above 1.3529, while 1.3580 remains a key resistance level that should be closely monitored.
Impactful Economic Data – Tuesday, May 21, 2025:
There are no significant UK data releases today.
