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GBP/USD holds above 1.3520, eyes 1.3580 resistance

The pair is pressing back toward 1.3580, with follow-on resistance at 1.3620 and support discussed near 1.3450 to 1.3420.

Reported · Written up by our desk · Major Pairs

GBP/USD found support near 1.3440 and moved higher, climbing above the 1.3500 resistance area and settling above 1.3520 on the 4-hour chart, according to Action Forex.

The analysis says GBP/USD is trading above both the 100 simple moving average (red, 4-hour) and the 200 simple moving average (green, 4-hour), with an attempted push toward the 1.3565 resistance zone and a major hurdle at 1.3580.

Upside levels highlighted include 1.3620, where a close above could trigger another steady advance, followed by targets at 1.3700 and potentially 1.3750.

On the downside, Action Forex flags bids near 1.3500 if price declines, with further support areas at 1.3450 and 1.3420, and a break below 1.3420 potentially opening the door to 1.3315 and 1.3250.

Latest closeGBP/USD 1.354 ▲0.3%

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