GBP/USD keeps an upside intraday bias toward the 1.3459 resistance, with a firm break there strengthening the case that the correction from 1.3867 ended at 1.3139. The broader uptrend from the 1.0351 low stays intact while 1.3008 support holds.
The intraday bias in GBP/USD points higher toward the 1.3459 resistance, according to ActionForex. A firm break of that level would add to the case that the correction from 1.3867 has completed at 1.3139.
Above that resistance, the next target sits at 1.3657 for confirmation. On the downside, a move below the 1.3264 minor support would turn the intraday bias neutral first.
The wider picture keeps the pair inside a corrective phase. Price action from 1.3867 forms a corrective pattern within the broader up trend from the 1.0351 low set in 2022. With 1.3008 support intact, the medium-term bullish view stays in place, and a break of 1.3867 would favor a later push toward the 1.4248 key resistance marked by the 2021 high.
A firm break of 1.3008 would change that read. It would open a deeper fall to the 38.2% retracement of the 1.0351 to 1.3867 move at 1.2524, raising the risk of a bearish reversal.
Source: ActionForex
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