GBP/USD Holds Near 1.3450 as Bulls Maintain Control Above 100-Hour SMA

The GBP/USD currency pair is trading near the 1.3450 level, maintaining its bullish momentum as it stays above the 100-hour simple moving average (SMA).

This technical indicator has emerged as a critical support level, with the pair repeatedly bouncing off this threshold over the past few sessions.

The immediate bias remains constructive as long as the pair holds above the 100-hour SMA, with the next resistance seen near 1.3500, a psychological level that could attract selling pressure if tested.