GBP/USD continues to trade with a mild bullish bias on the daily chart, as price action remains supported above both the 20-day Bollinger Simple Moving Average (SMA) and the 100-day SMA. This technical positioning suggests that buyers are still defending dips, helping preserve the broader upward trend despite periods of short-term consolidation.

The pair has shown resilience in recent sessions, with underlying demand keeping price comfortably above important support zones. Market sentiment remains cautiously constructive as traders assess the balance between steady buying momentum and the possibility of temporary pullbacks after recent gains.

Momentum indicators further reinforce the current outlook. The Relative Strength Index (RSI) continues to hover around the mid-50 region, indicating stable bullish momentum without entering overbought territory. This reflects healthy price action, where upside pressure remains present while still leaving room for additional gains if bullish momentum strengthens.

From a technical perspective, immediate resistance is seen near the upper Bollinger Band around the 1.3630 level. This area could act as a near-term barrier for buyers, especially if bullish momentum weakens on approach. However, a decisive breakout above this resistance zone may encourage further upside extension and strengthen the broader bullish structure.

On the downside, initial support is located near the 20-day Bollinger SMA around 1.3540, which currently serves as the first key defensive level for the pair. Additional support is found near the 100-day SMA around 1.3483. If selling pressure intensifies, a deeper retracement could expose the lower Bollinger Band near 1.3458, which may act as a stronger support floor.

Overall, GBP/USD remains technically supported while holding above its major moving averages, with traders closely monitoring whether buyers can sustain momentum and push the pair beyond the 1.3630 resistance zone in the coming sessions.