Forex

GBP/USD Breaks Out of Long-Term Range Amid Bullish Sentiment

Guavy AI Editorial Team Published August 20, 2026

Instruments

USD GBP

The GBP/USD currency pair has reached a crucial milestone with its recent long-term bullish breakout above 1.3630.

This significant price action was accompanied by two key technical developments: the simultaneous breakout from an ascending bullish price channel and the flipping of the key long-term resistance level at 1.3553 to new support.

The six-month high price of 1.3658 is now within sight, and a break above this could signal an unusually rapid rise in the GBP/USD pair.

The Wire

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