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    Holds features close to 1.3600 as bullish bias prevails
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Reading: Holds features close to 1.3600 as bullish bias prevails
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Forex

Holds features close to 1.3600 as bullish bias prevails

Editor
Last updated: May 7, 2026 4:52 am
Editor
Published: May 7, 2026
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Holds features close to 1.3600 as bullish bias prevails


GBP/USD stays stronger for the third consecutive day, buying and selling round 1.3600 in the course of the Asian hours on Thursday. The technical evaluation of the each day chart signifies an bettering bullish development because the pair rebounds from the decrease boundary of the ascending channel.

GBP/USD retains a constructive bullish bias because it holds simply above the 1.3600 horizontal pivot. The pair additionally trades over the nine-period Exponential Transferring Common (EMA) and the 50-period EMA, suggesting the broader uptrend stays supported.

The 14-day Relative Power Index (RSI) is close to 60 factors to agency however not overextended bullish momentum.

The GBP/USD pair might discover the first barrier on the 11-week excessive of 1.3758, reached on Could 1. Additional advances would help the pair to discover the area round 1.3869, the best degree since September 2021, reached on January 27, adopted by the higher boundary of 1.4040.

On the draw back, the GBP/USD pair might discover its rapid help on the nine-day EMA of 1.3556, adopted by the decrease boundary of the decrease boundary of the ascending channel round 1.3540. Additional help lies on the 50-day EMA at 1.3467.

A profitable break under the medium-term common would expose the five-month low of 1.3159, recorded on March 31, adopted by the 1.3010, the bottom since April 2025, which was recorded in November 2025.

GBP/USD: Each day Chart

(The technical evaluation of this story was written with the assistance of an AI instrument.)

Pound Sterling Worth Right now

The desk under exhibits the proportion change of British Pound (GBP) towards listed main currencies right this moment. British Pound was the strongest towards the Swiss Franc.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.02% -0.02% 0.00% 0.02% -0.08% -0.07% 0.04%
EUR 0.02% -0.00% 0.02% 0.05% -0.06% -0.06% 0.06%
GBP 0.02% 0.00% 0.00% 0.03% -0.06% -0.05% 0.06%
JPY 0.00% -0.02% 0.00% 0.01% -0.08% -0.12% 0.06%
CAD -0.02% -0.05% -0.03% -0.01% -0.10% -0.09% 0.02%
AUD 0.08% 0.06% 0.06% 0.08% 0.10% 0.00% 0.12%
NZD 0.07% 0.06% 0.05% 0.12% 0.09% -0.01% 0.12%
CHF -0.04% -0.06% -0.06% -0.06% -0.02% -0.12% -0.12%

The warmth map exhibits proportion adjustments of main currencies towards one another. The bottom forex is picked from the left column, whereas the quote forex is picked from the highest row. For instance, in case you decide the British Pound from the left column and transfer alongside the horizontal line to the US Greenback, the proportion change displayed within the field will characterize GBP (base)/USD (quote).

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