GBP/USD Outlook: Climbs to new three-month peak, surpassing 1.3550

GBP/USD Maintains Upward Momentum for Second Day

During Tuesday's Asian trading session, GBP/USD continued its upward trajectory for a second consecutive day, hovering near 1.3560. Analysis of the daily chart reveals a strong bullish trend, with the 14-day Relative Strength Index (RSI) climbing to 69.29—just below the overbought threshold. Should the RSI move further into overbought territory, the currency pair may pause and consolidate before continuing its advance.

GBP/USD remains above both the rising nine-day and 50-day Exponential Moving Averages (EMA), reinforcing the positive outlook. The short-term EMA continues to outpace the medium-term indicator, sustaining upward momentum.

Early in the Asian session, the pair reached a new three-month peak at 1.3562. If the rally persists, GBP/USD could set its sights on the six-month high of 1.3726, and potentially challenge 1.3788—the highest mark since October 2021.

While momentum remains robust with prices holding above ascending moving averages, overextended conditions may limit further gains in the near term. Immediate support is seen at the nine-day EMA of 1.3496, followed by the 50-day EMA at 1.3375. Should the pair fall below the medium-term average, it may face additional downward pressure toward the eight-month low near 1.3010.

GBP/USD Daily Chart Overview

(This technical analysis was generated with the assistance of AI tools.)