GBPUSD BUY

Key Indicators

• The currency pair is currently holding above the ascending trendline support, which is a crucial short-term support.

• The Relative Strength Index (RSI) is also above the neutral 50 level, reinforcing the momentum.

Fundamental Context

The GBP/USD pair continues to post modest weekly gains. As of writing, the pair is trading near 1.3460. Based on the 4-hour chart, there is potential for the GBP to revisit the 1.3500/30 resistance area if the upward correction persists.