GBP/USD has shown an upward movement from a low of 1.2486, extending higher last week. However, the overall outlook remains stable. While traders cannot dismiss the possibility of further increases, the decline from a high of 1.3433 may continue, especially if the 55-day EMA now at 1.2846 holds.

Market participants should assess their strategies as fluctuations indicate a potentially dynamic trading environment.

In summary, GBP/USD keeps the market engaged with its movements, presenting opportunities for careful traders.