GBP/USD has made a notable rebound, bouncing back strongly from the 50-day moving average. The pair now approaches the top of its multi-month trading channel. While the rally appears extended, analysts from Société Générale suggest that downside risks remain limited for the time being. Key targets include levels around 1.3270 and 1.3390/1.3430. Technical analysis is helping traders navigate these movements and forecast potential outcomes. Maintaining an awareness of market conditions can influence decision-making for traders. Following robust trends is essential for successful currency trading in this dynamic environment.