GBP/USD Bulls Roar Ahead as Pair Trades Above Key Support

The GBP/USD pair has maintained its bullish bias for the fourth consecutive day, trading around 1.3550 during European hours on Thursday.

The pair is holding above both the nine- and 50-day Exponential Moving Averages (EMAs), with the alignment of short- and medium-term EMAs below price indicating a constructive trend.

According to technical analysis, the GBP/USD pair remains within an ascending channel pattern, suggesting ongoing bullish momentum.

The FXS Fed Sentiment Index is at 125.72, firmly in hawkish territory above the neutral 100 line.