GBP/USD continues to trade with a mildly bullish tone as price remains above the Bollinger Middle Band, indicating that buyers still have a slight advantage. However, the pair remains capped below the 100-day Simple Moving Average (SMA), which continues to act as a key resistance level.

Momentum is steady rather than aggressive, with the 14-day Relative Strength Index (RSI) holding near 54, suggesting there is still room for further upside before the market reaches overbought conditions.

🔴 Resistance Levels
1.3410 – 100-day SMA (major resistance)
1.3468 – Upper Bollinger Band
1.3500 – Psychological resistance
A decisive daily close above 1.3410 would strengthen the bullish outlook and could trigger a continuation toward 1.3468 and potentially the 1.3500 psychological level.

🟢 Support Levels
1.3300 – Bollinger Middle Band (immediate support)
1.3132 – Lower Bollinger Band
1.3100 – Key psychological support
If sellers push the pair below 1.3300, GBP/USD could extend its correction toward 1.3132, where buyers may attempt to regain control.

📈 Market Outlook
The short-term outlook remains cautiously bullish while GBP/USD holds above 1.3300. However, buyers need a confirmed breakout above 1.3410 to signal stronger upside momentum.
Trading Bias: Bullish above 1.3300 📈

A break below 1.3300 would weaken the current bullish structure and increase the risk of a deeper pullback.

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