GBP/USD Seeks to Maintain Momentum Above Support Levels

As per our previous analysis, GBP/USD continues to hold above the support level of 1.3390. This position provides an opportunity for the market to advance towards the target of 1.3735. However, if it dips below 1.3390, further declines towards the 1.3250-70 range may occur.

Traders should keep a close watch on these support and resistance levels as they could heavily influence the market’s trajectory. The possibility of an advance remains strong, provided the pair holds its current position.

As the trading environment evolves, remaining vigilant will aid traders in making timely decisions based on price movements and economic indicators.