The pair rebounds from Asia-Pacific losses as traders bet policy shifts may bolster the UK economy amid election uncertainty.
GBP/USD recovered from early Asia-Pacific session declines, climbing toward the 1.3657 level last seen in early May. Buyers stepped in after initial election-related uncertainty, with support at the 100-hour moving average (1.35924) fueling a rebound during North American trading.
The pair broke above a key trendline near 1.3627, targeting last week’s high of 1.3643. A sustained move above 1.3657 would mark the highest level since mid-February, with resistance eyed at 1.3725-1.3772. Downside risks remain if the pair falls below 1.3627 and the 100-hour MA.
Technical momentum remains bullish, with traders monitoring whether the pair can extend gains toward the January 2026 high at 1.38688.