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Technical Analysis: GBP/USD Rebounds, Price Increase Outlook

British Pound / U.S. Dollar (OANDA:GBPUSD)  
Ariana_alila  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD sma resistence support chartanalysis buy SELL Forex
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trendanalysis chartpattern indicator gbpusd sma resistence support chartanalysis buy sell forex
GBP/USD regained bullish momentum on Thursday, climbing above 1.2500 for the first time in nearly two weeks after closing positively for the second consecutive day on Wednesday. Short-term technical prospects for this currency pair indicate an upward trend.

Looking at the price chart, it is adjusting towards an uptrend. Prices are expected to test the SMA 50 and SMA 100 levels and potentially break through the trendline, signaling a strong uptrend.

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