Forex
GBP/USD Maintains Bullish Bias as It Eyes Seven-Month High
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 short- and medium-term EMAs aligning below price to hint at a still constructive trend.
The 14-day Relative Strength Index (RSI) near 54 suggests mildly positive momentum without entering overbought territory, supporting the pair on dips rather than overstretched levels.
The FXS Fed Sentiment Index is at 125.72, firmly in hawkish territory above the neutral 100 line.