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GBP/USD Price Forecast: Rebounds toward 1.3850 near four-year highs
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FXStreet Forex & Commodities News
The GBP/USD pair extends above the rising nine-day Exponential Moving Average (EMA) and the 50-day EMA, keeping the short-term bullish bias intact.
Pullbacks could find demand near the nine-day EMA, while the 50-day EMA supports the broader uptrend.
The immediate resistance lies at 1.3869, the highest since September 2021, followed by the upper boundary of the rising wedge around 1.3910.
The primary support is seen at the nine-day EMA of 1.3667, followed by the lower rising wedge boundary around 1.3610.
A break below the wedge would cause the emergence of a bearish bias and expose the 50-day EMA support at 1.3461.