The British pound surged through the 78.6% Fib retracement near 1.3149, extending its post-breakout rally with a +0.77% daily gain. Price is now on track to test the September swing high at 1.3440 — the next major resistance zone.
📈 Price has reclaimed both the 50- and 200-day SMAs
📊 MACD is showing bullish momentum above the zero line
📍 RSI sits at 64.98 — bullish, but nearing overbought territory
As long as GBP/USD holds above 1.3149, the path of least resistance remains higher. A clean break above 1.3440 would confirm a major trend reversal and open the door to a broader bullish cycle.
-MW
📈 Price has reclaimed both the 50- and 200-day SMAs
📊 MACD is showing bullish momentum above the zero line
📍 RSI sits at 64.98 — bullish, but nearing overbought territory
As long as GBP/USD holds above 1.3149, the path of least resistance remains higher. A clean break above 1.3440 would confirm a major trend reversal and open the door to a broader bullish cycle.
-MW
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.