Technical analysis of the GbpUsd market pair with Bollinger Bands indicator on Friday, May 22, 2026 The selling pressure by sellers was quite strong in the GbpUsd market pair trading on Thursday, but it continued to face strong resistance from buyers who managed to hold back the bearish sellers above the buyer support area at the price of 1.3404-1.3405. This support area is still being defended by buyers, allowing the price to strengthen bullish momentum. However, the bullish pressure has not yet broken above the seller resistance area at 1.3442-1.3441.
Monitoring with the Bollinger Bands indicator on the Daily timeframe, it is evident that the GbpUsd pair is still dominated by bearish pressure, although buyers are slightly ahead by keeping the price above the Lower Bollinger Bands at 1.3344. Supported by the formation of strong bullish candlesticks, buyers have the upper hand over sellers, indicating a potential continuation of the bullish trend today. Buyers will aim to maintain their current bullish momentum by pushing the price towards the Middle Bollinger Bands area at 1.3497. This area will be crucial for the next movements of the GbpUsd pair. A strong breakout above this level by bullish pressure could propel the price even higher towards the Upper Bollinger Bands at 1.3661. However, if unsuccessful, sellers may push the price down towards the Lower Bollinger Bands. In the Asian market session on Friday, buyers are attempting to control the price by pushing the GbpUsd pair higher towards the nearest seller resistance area at 1.3454-1.3455. If buyers fail to break above this resistance, sellers will have the opportunity to push the price down towards the nearest buyer support area at 1.3389-1.3388. Technically, as long as the price remains above the Lower Bollinger Bands, the bullish trend is likely to continue higher, presenting opportunities for buying or placing pending orders as follows: Entry sell can be initiated if sellers break below the nearest buyer support area at 1.3389-1.3388, with a target TP area at 1.3356-1.3355. Entry buy can be considered if buyers break above the nearest seller resistance area at 1.3454-1.3455, with a target TP area at 1.3487-1.3488.
