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GBP/USD Forecast: Potential Upside in the Upcoming Period

Livre sterling / Dollar américain (OANDA:GBPUSD)  
Stephen_Anders  
OANDA:GBPUSD   Livre sterling / Dollar américain
Trend Analysis Chart Patterns Technical Indicators GBPUSD Relative Strength Index (RSI) sma resistence support buy SELL Forex
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trendanalysis chartpattern indicator gbpusd relativestrengthindex sma resistence support buy sell forex
GBP/USD continues to move sideways, awaiting inflation data from the United States for a new direction. The GBP/USD exchange rate is trading around the 1.2660 level and remains within Monday's trading range.

Technical indicators such as the Simple Moving Average (SMA) and Relative Strength Index (RSI) are supporting an upward trend for this currency pair. The price is currently trading above the SMA, and the RSI is around 60, indicating a strong maintenance of the upward trend.

If the price breaks above the 1.2660, it could continue to rise towards upper resistance levels. However, pressure from the US Dollar (USD) is keeping the price sideways. So, will the price continue to rise or fall? Let's discus

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