Hello traders, When it comes to GBP/USD, the dollar's influence is felt equally across the board, and GBP/USD has not escaped this impact, continuing its upward trend. Market dynamics are being driven by the back-and-forth surrounding Trump and Powell, with the latter facing potential legal issues. The pressure on the dollar persists, suggesting that the pair is likely to keep rising. Moreover, there are no significant developments in the UK that could outweigh those in the US. Yesterday, buyers managed to break above the key resistance levels at 1.3500 and 1.35150. With that, the path seems clear for further bullish movement towards 1.35800 and 1.36100. A scenario reversal would involve selling off, leading to a pullback towards 1.34650 if we drop below 1.34170.
