Forex

GBP/USD Stuck at 1.3500 as Uptrend Remains Elusive

Guavy AI Editorial Team Published August 7, 2026

Instruments

USD GBP

The British Pound (GBP) has edged higher by 0.29% against the US Dollar (USD), but remains trading sideways, unable to break through the 1.3500 level after reaching a weekly peak of 1.3506.

According to technical analysis, the GBP/USD is consolidating and slightly tilted to the upside after clearing the 200-day Simple Moving Average (SMA) at 1.3406.

Market structure suggests that the uptrend might resume once buyers reclaim the July 15 swing high at 1.3558, opening the door to a test of 1.3600.

If GBP/USD remains below 1.3500, look for a pullback towards August's low of 1.3417, which could expose the convergence of the 100- and 200-day SMAs at 1.3406/05.

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