GBP/USD maintains a bullish intraday outlook as the pair targets the 1.3469 resistance level, following a successful rebound from the 1.3135 support floor.
The GBP/USD pair is currently exhibiting bullish momentum, extending its recovery from the 1.3135 support level. Technical analysis suggests the corrective decline from 1.3675 has concluded, with the pair now targeting the 61.8% Fibonacci retracement level at 1.3469.
The immediate target is the 61.8% retracement level of the 1.3675 to 1.3135 move, which sits at 1.3469.
A drop below the minor support level of 1.3294 would turn the intraday bias neutral.
The British Pound maintains an intraday bullish bias against the US Dollar, extending gains from the 1.3135 support level. Analysts anticipate a move toward the 1.3469 mark, representing the 61.8% retracement of the recent decline from 1.3675.
The immediate upside target for the pair is 1.3469, which aligns with the 61.8% retracement of the move from 1.3675 to 1.3135.
A decline below the minor support level of 1.3294 would turn the intraday bias neutral.