Pound / USD GBPUSD technical analysis

GBPUSD at 1.3383 holds a mixed daily trend, with the SMA50 at 1.34134 and SMA200 at 1.34329 still above price. Momentum is firm but not stretched: 4h RSI14 at 67, 1D RSI14 at 60, both above the 4h SMA20 of 1.33367 and 1D SMA20 of 1.32518.

The active battle is against 1.34134-1.34329, where the SMA50 and SMA200 sit just overhead. Below, 1.33623 is the rising 4h trendline support (2 touches), one line inside the heavily tested 1.31389-1.34086 4h support zone (31 touches). Daily resistance at 1.32732-1.35704 (22 touches) frames the wider range.

Bulls need a hold above 1.33623 to keep pressing the 1.34134-1.34329 area. Bears need to break the trendline and the lower 1.31389-1.34086 support, with 1.31385-1.31863 (5 touches) as the next reference below. No recommendation implied.