GBP/USD Intraday Forecast: Further Upside Toward 1.3660 and 1.3679 While 1.3572 Holds

Introduction

The GBP/USD Intraday Forecast remains bullish as long as 1.3572 continues to act as support. The current technical structure favors further upside, with 1.3660 as the first target and 1.3679 as the second objective.

The technical indicators generally support the bullish structure. The RSI is above its neutrality area at 50, while the MACD remains positive despite being below its signal line. In addition, GBP/USD is trading above both its 20-period and 50-period moving averages, reinforcing the current upward bias.

However, the pair is also trading above its upper Bollinger Band, which indicates that the recent upside move has been strong and that short-term volatility or a temporary pullback cannot be ruled out.

The key level remains 1.3572. As long as this support holds, buyers maintain control and the path toward 1.3660 and 1.3679 remains open.

GBP/USD Intraday Forecast Technical Analysis

The GBP/USD Intraday Forecast favors the upside while 1.3572 remains support.

The preferred technical path is:

Above 1.3572 → 1.3660 → 1.3679

The first target at 1.3660 represents the primary upside objective. If buyers maintain control and establish sustained momentum above this level, the next target becomes 1.3679.

The RSI remains above 50, indicating that bullish momentum continues to dominate the short-term structure.

The MACD is positive but remains below its signal line. This suggests that the underlying trend is constructive, although short-term momentum could experience some hesitation.

The moving averages provide additional support for the bullish outlook. Price is above the 20-period moving average around 1.3607 and the 50-period moving average near 1.3593.

However, GBP/USD is trading above its upper Bollinger Band around 1.3616. This can signal strong upside momentum, but it can also increase the probability of a temporary correction or consolidation.

GBP/USD Intraday Forecast Market Sentiment Analysis

The GBP/USD Intraday Forecast currently reflects constructive market sentiment, with buyers maintaining control above 1.3572.

GBP/USD is sensitive to changes in UK and US monetary-policy expectations, economic data, Treasury yields and broader movements in the US dollar.

Important market drivers include:

• US dollar movements.
• Federal Reserve policy expectations.
• Bank of England policy expectations.
• UK economic data.
• US economic data.
• Interest-rate differentials.
• Global risk sentiment.
• Inflation expectations.

The current technical configuration favors buyers. The RSI remains above 50, price is above both moving averages and the MACD remains positive.

Nevertheless, trading above the upper Bollinger Band indicates that the pair has already experienced significant upside momentum. This makes a temporary pullback possible even if the broader intraday structure remains bullish.

GBP/USD Intraday Forecast Support and Resistance Levels

The key levels in today’s GBP/USD Intraday Forecast are clearly defined.

Key Pivot Support: 1.3572

The main technical support is:

1.3572

As long as GBP/USD remains above this level, the bullish scenario remains valid.

First Target: 1.3660

The primary upside objective is:

1.3660

A sustained move toward this level would confirm continued buying pressure.

Second Target: 1.3679

If buyers maintain control beyond the first target, the next objective becomes:

1.3679

This represents the second upside target.

Alternative Downside Target: 1.3540

A sustained break below 1.3572 would activate the alternative scenario, with the first downside objective at:

1.3540

Second Alternative Target: 1.3521

Further downside pressure could then expose:

1.3521

GBP/USD Intraday Forecast Trading Scenario Analysis

According to the GBP/USD Intraday Forecast, the preferred scenario remains bullish above 1.3572.

Bullish Scenario

The primary path is:

Above 1.3572 → 1.3660 → 1.3679

As long as 1.3572 acts as support, buyers retain control of the short-term structure.

A move toward 1.3660 would represent the first upside objective. A sustained breakout beyond this level could then extend the advance toward 1.3679.

Pullback Scenario

Because GBP/USD is trading above its upper Bollinger Band, a temporary pullback is possible.

The pair could retreat toward its moving averages or consolidate after the recent advance. Such a move would not automatically invalidate the bullish setup as long as 1.3572 continues to hold.

The reaction around the 20-period moving average at approximately 1.3607 could also provide an indication of short-term buying strength.

Continuation Scenario

If buyers continue to dominate and GBP/USD remains firmly above its short-term moving averages, the pair could challenge 1.3660.

A decisive break above 1.3660 would strengthen the continuation scenario and expose 1.3679.

Bearish Alternative Scenario

The alternative scenario becomes active below 1.3572.

A sustained break below the pivot would weaken the bullish structure and could lead toward 1.3540, followed by 1.3521.

GBP/USD Intraday Forecast Risk Factors and Alternative Outlook

The main risk to the GBP/USD Intraday Forecast is a decisive break below 1.3572.

The pair is also trading above its upper Bollinger Band, meaning that the market may be temporarily stretched on the upside. This does not automatically signal a reversal, but it increases the possibility of consolidation or profit-taking.

Important risk factors include:

• Sudden US dollar strength.
• Changes in Federal Reserve expectations.
• Changes in Bank of England expectations.
• Unexpected UK economic data.
• Unexpected US economic data.
• Rising Treasury yields.
• Profit-taking after the recent advance.
• A sustained break below 1.3572.

The most important technical warning would be a decisive move below the key pivot.

Until that occurs, the upside remains the preferred direction.

GBP/USD Intraday Forecast Conclusion

The GBP/USD Intraday Forecast remains bullish above 1.3572, with 1.3660 as the first target and 1.3679 as the second upside objective.

The RSI remains above 50, while price is trading above both the 20-period and 50-period moving averages. The MACD is positive, although it remains below its signal line, suggesting that some short-term hesitation is possible.

GBP/USD is also trading above its upper Bollinger Band, highlighting the strength of the recent advance but also the possibility of a temporary pullback.

The key support remains 1.3572. As long as this level holds, the path toward 1.3660 and 1.3679 remains open.

Conversely, a sustained break below 1.3572 would weaken the bullish outlook and expose 1.3540 and 1.3521.

Overall, the technical balance favors buyers while the key support remains intact.

FAQ

What is the current GBP/USD Intraday Forecast?

The GBP/USD Intraday Forecast remains bullish above 1.3572, with targets at 1.3660 and 1.3679.

Why is 1.3572 important?

It is the key pivot and support level. Holding above it keeps the bullish scenario active.

What are the upside targets?

The first target is 1.3660, followed by 1.3679.

What does trading above the upper Bollinger Band mean?

It confirms strong upside momentum but can also indicate that the pair is temporarily stretched, increasing the possibility of consolidation or a short-term pullback.

What happens below 1.3572?

The alternative scenario points toward 1.3540 and 1.3521.