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      GBPUSD Remains Steady Above Key Moving Average

      The GBPUSD currency pair has shown consistent buying interest since reaching a low of 1.3272 on July 28, climbing to a high of 1.3674 last Friday. Following this peak, the pair has entered a consolidation phase over the past three trading days, with prices fluctuating within a narrow range of 1.3623 to 1.3652.

      Currently, the GBPUSD is trading around 1.3642, which is approximately 10 pips above the rising 100-hour moving average, positioned at 1.36329. This moving average has become a critical support level, as buyers have continued to defend it despite occasional dips below this threshold. As long as the price remains above this moving average, buyers are expected to maintain a bullish outlook, aiming for a potential breakout above Friday's high of 1.3674.

      Should the pair break above this level, it could pave the way for further gains towards swing highs from June and September 2025, which are situated between 1.3725 and 1.3772. Conversely, a sustained drop below the 100-hour moving average may indicate a shift in market sentiment, with immediate downside targets including Friday's low at 1.3617 and the 200-hour moving average near 1.3587, which serves as a significant support level.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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