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fxJul 6, 2026, 8:56 PM

GBP/USD Rallies Eight Consecutive Days, Tests 200-Day EMA

Sterling has surged for eight straight sessions, climbing from around 1.3150 to challenge its 200-day exponential moving average, with the 50-day EMA just below and the 1.3400 level in focus.

GBPUSD

The British pound has staged a steady rally against the US dollar, marking eight consecutive higher daily closes. The move has lifted GBP/USD from near the 1.3150 area to directly test its 200-day exponential moving average (EMA).

The 50-day EMA sits just beneath the current price, while the psychological 1.3400 handle looms immediately above as the next resistance level. The sustained bullish momentum suggests continued upside pressure in the near term.

Source: FXStreet Forex News