GBP/USD Surge: Pound Edges Higher on Bullish Momentum
The Pound Sterling vs US Dollar (GBP/USD) pair has edged higher on constructive technical momentum, driven by sustained bullish structure and dominance of buyers in trading. The pair is currently trading above its 20-day, 50-day, and 200-day moving averages, indicating a strong bullish trend across all timeframes.
According to technical indicators such as MACD, RSI, CCI, BBP, and Awesome Oscillator, intraday momentum remains positive, supporting further upside. The expected five-day price range is $1.3558 to $1.3694, with a probability above 80% for an upward move.
The immediate resistance stands at $1.3694, while near-term support is at $1.3625. Momentum signals suggest continued buying interest, but volatility remains modest and prices hold near session highs.