April 11, 2025 — The British pound extended its gains against the U.S. dollar in intraday trading on Thursday, building on recent strength after overcoming bearish pressure from the 50-day Exponential Moving Average (EMA50) during the previous session.
The latest upward move comes within the framework of a prevailing bullish trend, with the pair advancing toward a critical resistance level at 1.3010. This test of resistance reflects the continued strength of the pound amid a supportive technical backdrop.
However, technical indicators are beginning to show signs of caution. The Relative Strength Index (RSI) has climbed into highly overbought territory, suggesting that the pair may face temporary difficulty in breaking above the current resistance level. The emergence of these negative signals could slow the pace of gains until overbought conditions are corrected.
Traders are likely to monitor the RSI closely, as any easing in momentum may trigger a short-term pullback before a potential renewed push higher.
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