GBP/USD Intraday Signal: Bullish Momentum Holds Above 1.3135
GBP/USD maintains a bullish intraday bias while holding above the pivot level at 1.3135. A solid support base has formed at this level, allowing the pair to stabilize and attract renewed buying interest. As long as price remains above 1.3135, the upside structure favors further gains toward resistance targets at 1.3195 and 1.3220.
Momentum indicators support this outlook — the RSI remains comfortably above 50, showing sustained buying pressure, while price action trades above short-term moving averages, confirming a constructive technical setup. A breakout above 1.3195 would likely accelerate the move toward 1.3220, reinforcing the bullish continuation scenario.
Alternatively, a decline below 1.3135 would weaken the immediate bias and expose supports at 1.3110 and 1.3090 before potential buyers reappear. Until then, the short-term trend remains upward.
Trade Setup:
Enter: Long above 1.3135
Stop-Loss (SL): 1.3110
Target A: 1.3195
Target B: 1.3220
