Technical Analysis with Bollinger Bands Indicator on GbpUsd Market Pair on Saturday, May 9, 2026 Hello traders, Buyers once again dominated the trading on the GbpUsd market pair traded yesterday, continuing to enter more dominantly and strongly, not giving room for sellers to exert bearish pressure, strongly contained in the buyer support area at the price of 1.3546-1.3547. This situation pushed sellers back as bullish buyer strength prevailed, successfully pushing the price up in a bullish manner.
Monitoring with the Bollinger Bands indicator on the Daily timeframe, it is observed that the price or candlestick was successfully held within the grip of buyers who managed to keep the price moving upwards away from the Middle Bollinger Bands area at the price of 1.3533. It also successfully broke out above the Upper Bollinger Bands area at the price of 1.3615, supported by the formation of a strong bullish power candlestick along with Bollinger Bands lines still opening upwards, further enlarging the indication that price trading will continue to be dominated by buyers. With the current advantage, buyers are in the forefront to continue pushing the price higher in a bullish manner, targeting the nearest seller Supply Resistance area at the price of 1.3660-1.3700, which needs to be broken out if buyers want to maintain their dominance on the GbpUsd market pair in the future. Trading next Monday based on yesterday's trading history suggests that the price movement of the GbpUsd pair will still tend to be under the control of buyers who have successfully held the reins of the GbpUsd pair price to continue strengthening upwards. Trading still has the opportunity to look for Buy entry opportunities only by waiting for a bearish price correction or by using pending order options as follows: A sell entry is made if sellers manage to break below the nearest buyer support area at the price of 1.3569-1.3568, with the target TP area at the price of 1.3513-1.3512. A buy entry can be made if buyers manage to break above the nearest seller resistance area at the price of 1.3656-1.3657, with the target TP area at the price of 1.3688-1.3689.
