On the hourly chart above, the price has extended above key swing highs from yesterday and Monday afternoon near 1.3564. The next upside target is Monday’s high at 1.35804, which marks the lower boundary of a swing area that extends up to 1.35919. Beyond that, attention turns to the 2025 high at 1.36161—also the highest level since February 2022.
Zooming out to the weekly chart below, today’s move has pushed the price back above a broader swing area between 1.3411 and 1.3514. Staying above this zone keeps the bullish momentum alive and opens the door for a test of last week’s high, as well as swing highs from February 2022 near 1.3644. A break above that could put the spotlight on the 50% midpoint of the long-term trading range from the 2014 high, which comes in at 1.37683.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about gbpusd is stretching higher and ticks above high from yesterday was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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