Analyzing the GbpUsd market pair with Simple Moving Average technical on Sunday, May 10, 2026 The GbpUsd market pair on Friday last week was not able to be maintained by the sellers who had previously dominated the trading, as they were strongly blocked by the buyers above the buyer support area at the price of 1.3545-1.3546. This caused the sellers to lose control of the price, which was then taken over by the buyers who subsequently pushed the price up strongly in a bullish manner with even stronger bullish momentum.
Observed using the Simple Moving Average technical on the Daily time frame, the price movement of the GbpUsd pair is seen being pushed up even higher in a bullish manner by the buyers, moving away from the Blue 100 MA area at the price of 1.3474. This is supported by the formation of a very strong bullish candlestick, increasing the chances for the buyers to continue pushing the GbpUsd pair further up in a bullish direction. With the advantage currently held by the buyers, it indicates that trading on Monday will still tend to be dominated by bullish pressure from the buyers, targeting the price to rise towards the nearest seller Supply Resistance area at the price of 1.3660-1.3700, which must be strongly breached if the price is to continue strengthening further. Trading on Monday is expected to see the price movement continue under the control of the buyers, who will maintain their current bullish momentum by aiming for the price to keep rising higher and potentially targeting the nearest seller resistance area first. If this resistance area can be breached, the price will strengthen further upwards, but if unsuccessful, there is a chance for the sellers to dominate the trading again by pushing the price downwards towards the nearest support area. The trading plan for Monday involves placing pending order areas as follows: A buying trade option can be executed if the price successfully breaks through the seller resistance area by placing a buy stop pending order at the price of 1.3656-1.3657 with a TP area at the price of 1.3688-1.3689. A selling trade option can be executed if the price successfully breaks through the buyer support area by placing a sell stop pending order at the price of 1.3569-1.3568 with a TP area at the price of 1.3513-1.3512.
