The GBP/USD pair has seen an increase for the second consecutive day, trading near 1.3560 during Asian hours on Tuesday. An analysis of the daily chart reveals a consistent bullish trend. The 14-day Relative Strength Index (RSI) approached an overbought level at 69.29, suggesting that if it moves further into overbought territory, the market could take a pause before the upward trend continues.
This pair remains above both the 9-day and 50-day exponential moving averages (EMAs), which reinforces this bullish sentiment. Short-term indicators still sit higher than medium-term ones, indicating ongoing upward momentum.
In fact, GBP/USD reached a three-month peak of 1.3562 early on in the Asian session. Should it continue to rise, it might aim for a six-month high at 1.3726, eventually eyeing a further resistance level at 1.3788—the highest since October 2021.
Even though the price is above the upward-moving averages and momentum is strong, the current stretched conditions might limit the next upward movement. Immediate support for GBP/USD could be found at the 9-day EMA around 1.3496, followed by the 50-day EMA at 1.3375. If it breaks below that medium-term average, it could face downward pressure, potentially drifting towards its eight-month low of 1.3010.
GBP price today
The table below shows the percentage changes of the British Pound (GBP) against major currencies today, with the pound performing strongest against the Japanese yen.
| USD | EUR | GBP | JPY | CAD | australian dollar | new zealand dollar | swiss franc | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.09% | -0.09% | 0.00% | -0.00% | -0.20% | -0.22% | -0.07% | |
| EUR | 0.09% | -0.00% | 0.09% | 0.09% | -0.11% | -0.15% | 0.03% | |
| GBP | 0.09% | 0.00% | 0.11% | 0.09% | -0.11% | -0.14% | 0.02% | |
| JPY | 0.00% | -0.09% | -0.11% | -0.00% | -0.20% | -0.24% | -0.06% | |
| CAD | 0.00% | -0.09% | -0.09% | 0.00% | -0.20% | -0.24% | -0.06% | |
| australian dollar | 0.20% | 0.11% | 0.11% | 0.20% | 0.20% | -0.04% | 0.13% | |
| new zealand dollar | 0.22% | 0.15% | 0.14% | 0.24% | 0.24% | 0.04% | 0.17% | |
| swiss franc | 0.07% | -0.03% | -0.02% | 0.06% | 0.06% | -0.13% | -0.17% |
The heat map illustrates the percentage change between major currencies. The base currency is indicated from the left column and the quote currency from the top row. For instance, selecting British Pounds from the left and moving right to US Dollars will show the percentage change for GBP against USD.
(The technical analysis in this story was created with AI assistance.)
