GBP/USD Price Analysis: Pokes short-term resistance line above 1.3500
GBP/USD bulls attack nearby resistance line around the weekly high of 1.3528 during Wednesday’s Asian session. In doing so, the pair buyers take a breather following a three-day rebound from the 61.8% Fibonacci retracement (Fibo.) of December 2021 to early January 2022 upside.
GBP/USD keeps moving up in short-term, next obstacle at 1.3500 [Video]
GBPUSD is flirting with the 40-day simple moving average (SMA) after the pullback off the 1.3360 support level, remaining within the Ichimoku cloud. The recent upside move is recovering the declining move from the 1.3750 barrier.