GBP/USD Extends Gains as Bulls Push Towards $1.3800

The GBP/USD currency pair has extended its gains and climbed above the $1.3650 level, forming a bullish trend line with support near $1.3580 on the 4-hour chart.

The British Pound found support at around $1.3450 against the US Dollar before starting another increase above the $1.3580 resistance zone.

On the technical analysis side, the pair has settled above $1.3600, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour). The next major support could be near $1.3525 and the 100 simple moving average (red, 4-hour).

The main support might be at around $1.3450 and the 200 simple moving average (green, 4-hour), with a downside break and close below this level potentially sending the pair toward $1.3320.