In the Asian trading session on Thursday, the GBP/USD pair maintained its stability for the second day in a row, hovering around 1.3430. The 14-day Relative Strength Index (RSI) stands at a neutral 51 after pulling back from overbought levels, suggesting a balanced momentum in the market.
The 50-day Exponential Moving Average (EMA) is trending upward, reinforcing the overall bullish sentiment as the GBP/USD remains above this level. Meanwhile, the nine-day EMA is showing a slight decline, capping short-term recoveries and indicating a gentle loss of momentum. A fall below the short-term average could shift the bias downward toward a static support level, whereas staying above it may limit declines and encourage further attempts to breach overhead resistance.
The immediate resistance is found at the nine-day EMA, currently at 1.3446. A daily close above this short-term average could pave the way towards the three-month high of 1.3562. If the pair continues to advance, it might aim for the six-month high of 1.3726, followed by 1.3788, which marks the highest point since October 2021.
On the downside, initial support is located at the 50-day EMA at 1.3388. A daily closure below this medium-term average could lead the GBP/USD pair towards the eight-month low of 1.3010.
The table below illustrates the percentage changes of the British Pound (GBP) against major currencies today, with the Pound showing the most weakness against the Swiss Franc:
- USD: 0.00%
- EUR: 0.02%
- GBP: -0.04%
- JPY: 0.06%
- CAD: 0.11%
- AUD: 0.18%
- NZD: -0.06%
- CHF: -0.06%
This heat map demonstrates the percentage variations of these major currencies against each other. Selecting a currency from the left column and moving along the corresponding row to another currency will reveal the percentage change between the base and quote currencies. For instance, choosing the British Pound as the base currency and moving to the US Dollar column indicates the percentage change of GBP/USD.
(This analysis was supported by an AI tool for technical insights.)