GBP/USD has continued its upward momentum for the second consecutive session, trading around 1.3560 during the Asian hours on Tuesday. This surge marks a fresh three-month high for the currency pair, reflecting a strong bullish sentiment in the market. Traders are closely monitoring the exchange rate as it approaches key resistance levels.
Technical analysis of the daily chart reveals a persistent bullish bias, supported by a 14-day Relative Strength Index (RSI) that has reached 69.29, indicating that the pair is nearing overbought territory. As the GBP gains strength against the USD, market participants are weighing factors such as economic data and geopolitical developments that could influence future trading dynamics.
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Data Source: FX Killer Analysis Team Updated: 2026-01-06 05:50
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.