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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InThe GBP/USD pair has initiated a fresh upward trajectory after finding solid support at the 1.3500 level. Technical indicators show the pair successfully cleared a significant bearish trend line with resistance at 1.3640, signaling potential for further gains. Market participants are now shifting their focus to the upcoming preliminary UK GDP figures for the fourth quarter of 2025, where economists expect a growth rate of 0.2%. Despite the bullish technical breakout, there remains a notable risk of price rejection at higher levels if the economic data fails to meet expectations. The interplay between technical strength and fundamental uncertainty is expected to drive volatility in the British currency. Traders are closely monitoring price action around key resistance zones to gauge the sustainability of the recent move.