Technical analysis of GBP/USD 08/15/2025
GBP/USD on the daily timeframe (1D) continues to trade within the ascending channel that began in January 2025.
The current price is 1.3560. After rebounding from the lower boundary of the channel and the support area at 1.3140 (38.2% Fibonacci), the pair has regained its upward momentum.
A sustained break above 1.3650–1.3700 would open the potential for a test of the yearly high at 1.3793.
The nearest support is at 1.3390 (23.6% Fibonacci, MA100).
Both the MA100 and MA200 are sloping upward and remain below the price, confirming the preservation of the medium-term bullish trend.
RSI is around 59, indicating a moderate bullish bias without signs of overbought conditions.
Created by Joshua Hayn
Did you like this article? Share it with your friends!
Leave a Reply