GBP/USD Hovers Near 1.3550, Nine-Day EMA Offers Initial Support

GBP/USD Price Forecast: Pair Stays Bullish Around 1.3550 with Nine-Day EMA Support

Forex Market Update – June 10, 2025

The GBP/USD currency pair is consolidating around 1.3550 in early Tuesday trading after retreating slightly from recent highs. The pair maintains its bullish structure, supported by strong technical signals, including the nine-day Exponential Moving Average (EMA) and a positive Relative Strength Index (RSI) reading.

Technical Analysis: Bullish Momentum Holds Above 1.3526

The daily chart reveals that GBP/USD is holding within an ascending channel, keeping the pair in a bullish bias. The nine-day EMA, currently positioned near 1.3526, offers a key short-term support level. If prices hold above this area, further upside can be expected.

The 14-day RSI remains above the 50 threshold, reinforcing the ongoing upward momentum and reducing the likelihood of a bearish reversal in the immediate term.

Resistance Levels: 1.3616 and Beyond

On the upside, the next significant resistance is located at 1.3616—a level not seen since February 2022. A confirmed breakout above this point could trigger a stronger bullish wave, potentially taking the pair toward the upper bound of the ascending channel at around 1.4160.

Related Reading: Understanding EMA and RSI in Forex Trading

Key GBP/USD Technical Levels

• Support: 1.3526 (9-day EMA), 1.3470
• Resistance: 1.3616, 1.4160

Traders will be closely watching how the pair reacts at 1.3550 and 1.3616 for any indication of a potential breakout or short-term consolidation.

Also Read: GBP/USD Live Rate and Economic Impact

Conclusion

GBP/USD remains in a bullish channel with strong short-term support from the nine-day EMA and a positive RSI reading. While the pair consolidates near 1.3550, a breakout above 1.3616 could confirm a broader uptrend with targets approaching the 1.4160 region.