The GBP/USD pair trades with a positive bias for the third straight day on Friday and hovers around the 1.3300 mark during the Asian session, just below its highest level since March 2022 touched the previous day.
GBP/USD attracts buyers for the third straight day and draws support from a combination of factors. The BoE’s decision to keep rates unchanged acts as a tailwind amid dovish Fed -inspired USD decline. The technical setup remains tilted in favor of bulls and supports prospects for further near-term gains.
3400 mark and test the March 2022 swing high, around the 1.3435-1.3440 region. On the flip side, the 1.3265-1.3260 area, or the previous YTD peak, now seems to protect the immediate downside. Any further decline is more likely to attract fresh buyers and remain cushioned near the aforementioned descending trend-line resistance, now turned support near the 1.3200 mark.
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