GBP/USD Price Forecast: Remains above nine-day EMA near 1.3650
|- GBP/USD may explore the region around 1.3869, the highest since September 2021.
- The 14-day Relative Strength Index at 55.94 signals steady bullish momentum.
- The immediate support is seen at the nine-day EMA near 1.3652.
GBP/USD recovers its recent losses from the previous session, trading around 1.3680 during the European hours on Wednesday. The technical analysis of the daily chart indicates a sustained bullish bias, as the pair trades within an ascending channel pattern.
The 14-day Relative Strength Index (RSI), a momentum indicator, at 55.94 sits above the 50 mid-line, confirming steady bullish momentum without overbought stress. The nine-day Exponential Moving Average (EMA) rises above the 50-day EMA at 1.3518, keeping the near-term bias positive as price holds above both gauges. The 50-day EMA trends higher, underlining an improving medium-term backdrop.
A topside extension would target resistance at 1.3869, the highest since September 2021, reached on January 27, followed by the upper boundary of the ascending channel around 1.4110. A break above the channel may trigger a fresh rally toward 1.4248, the highest level since April 2018.
On the downside, the immediate support lies at the nine-day EMA at 1.3652. Further weakness could draw a pullback toward support at the lower boundary of the ascending channel around 1.3570, followed by the 50-day EMA at 1.3518. Further declines would put downward pressure on the GBP/USD pair, testing the support reversal zone around 1.3350.
(The technical analysis of this story was written with the help of an AI tool.)
Pound Sterling Price Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.17% | -0.21% | -0.69% | -0.22% | -0.40% | -0.16% | -0.33% | |
| EUR | 0.17% | -0.04% | -0.55% | -0.05% | -0.23% | 0.00% | -0.17% | |
| GBP | 0.21% | 0.04% | -0.50% | -0.01% | -0.19% | 0.05% | -0.12% | |
| JPY | 0.69% | 0.55% | 0.50% | 0.50% | 0.32% | 0.56% | 0.39% | |
| CAD | 0.22% | 0.05% | 0.00% | -0.50% | -0.18% | 0.06% | -0.11% | |
| AUD | 0.40% | 0.23% | 0.19% | -0.32% | 0.18% | 0.24% | 0.07% | |
| NZD | 0.16% | -0.01% | -0.05% | -0.56% | -0.06% | -0.24% | -0.17% | |
| CHF | 0.33% | 0.17% | 0.12% | -0.39% | 0.11% | -0.07% | 0.17% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.