GBP/USD Price Forecast: Hovers around nine-day EMA near 1.3500

GBP/USD may appreciate toward the two-month high of 1.3599.
The 14-day Relative Strength Index near 56 signals positive momentum without indicating overbought conditions.
The pair is testing the lower boundary of the ascending channel around 1.3510.

Akhtar Faruqui FXStreet

GBP/USD inches higher after registering little losses in the previous day, trading around 1.3520 during the Asian hours on Wednesday. The technical analysis of the daily chart indicates a potential for a bearish reversal as the pair is hovering around the lower boundary of the ascending channel pattern.

However, the GBP/USD pair maintains a modest bullish bias as it holds above the nine-day Exponential Moving Average (EMA) and the 50-day EMA. The clustering of these averages below the spot suggests a supportive backdrop after the recent advance, while the 14-day Relative Strength Index around 56 hints at positive but not overextended momentum, leaving room for further gains while the pair remains under nearby resistance.

The GBP/USD pair may rise toward the primary barrier at the two-month high of 1.3599, recorded on April 17. Further advances would support the pair to explore the region around the upper boundary of the ascending channel near the 1.3869, the highest level since September 2021, reached on January 27.

On the downside, the GBP/USD pair is testing the lower boundary of the ascending channel around 1.3510. aligned with the nine-day EMA of 1.3509. Further support lies at the 50-day EMA at 1.3440. A successful break below this confluence support zone would expose the five-month low of 1.3159, recorded on March 31, followed by the 1.3010, the lowest since April 2025, which was recorded in November 2025.

(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 New Zealand Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.02%	-0.03%	-0.02%	-0.01%	0.11%	0.14%	-0.11%
EUR	0.02%		-0.03%	0.02%	0.00%	0.11%	0.18%	-0.08%
GBP	0.03%	0.03%		0.02%	0.02%	0.13%	0.18%	-0.07%
JPY	0.02%	-0.02%	-0.02%		-0.01%	0.13%	0.18%	-0.04%
CAD	0.01%	-0.00%	-0.02%	0.01%		0.14%	0.18%	-0.07%
AUD	-0.11%	-0.11%	-0.13%	-0.13%	-0.14%		0.05%	-0.25%
NZD	-0.14%	-0.18%	-0.18%	-0.18%	-0.18%	-0.05%		-0.26%
CHF	0.11%	0.08%	0.07%	0.04%	0.07%	0.25%	0.26%

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).

Author

Akhtar Faruqui

FXStreet

Akhtar Faruqui is a Forex Analyst based in New Delhi, India. With a keen eye for market trends and a passion for dissecting complex financial dynamics, he is dedicated to delivering accurate and insightful Forex news and analysis.

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