GBPUSD is retreating from its recent gains, hovering around 1.2650 during Wednesday’s Asian session. This pullback comes as the pair looks to target the nine-day exponential moving average (EMA) support at 1.2613. Technical analysis of the daily chart suggests a bullish outlook despite this temporary retreat.

Investors should look for momentum indicators and volume signals to predict potential rebounds. The technical framework remains intact, indicating a possible resurgence for GBPUSD. Monitoring these patterns will help traders align their strategies as this currency pair evolves.