GBPUSD

Key Indicators

• The current technical structure suggests that buyers continue to defend key support levels while attempting to regain momentum.

• Short-term moving averages remain upward sloping.

Fundamental Context

GBP/USD continues to trade within a constructive medium-term uptrend, consolidating just below 1.3500 after a sharp upward extension. This sustained rally is primarily driven by recent weakness in the US dollar across global forex markets.