The GBP/USD currency pair experienced a notable surge in recent intraday trading, breaking through the key resistance level at 1.3290. This move reinforces the pair’s position within the dominant bullish trend, alongside a sharp upward wave in the short term.
The rally was driven by strong momentum from the Relative Strength Index (RSI), despite the pair entering overbought territory. Additionally, the pair’s continued trading above the 50-period Exponential Moving Average (EMA) signals sustained positive pressure on the GBP/USD pair.
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