FX.co ★ dusty24 | GBP/USD

Market analysis for GbpUsd pair with Bollinger Bands Indicator on Friday, July 31, 2026 The Pound Sterling strengthened bullish again against the US dollar traded on the GbpUsd pair on Thursday’s session, after the bearish attempt by sellers that had pushed price down failed to hold, as it was contained above the buyer support area at 1.3335-1.3336. This area was reinforced by buyers, causing price action to be driven fully higher in a strong bullish move by bullish buying pressure. Monitored using the Bollinger Bands indicator on the Daily timeframe, it can be seen that the price or candlestick of the GbpUsd pair has been taken over by buyers, who managed to maintain their advantage by continuing to enter in larger volume and push price higher in a bullish move, successfully breaking out above the Middle Bollinger Band located at 1.3386. This was again supported by the dominance of fairly strong bullish candlesticks, indicating that the GbpUsd pair still has the potential to strengthen further to the upside in today’s trading. Buyers will continue to defend their current advantage by pushing price higher towards the Upper Bollinger Band area at 1.3513. If this Upper Bollinger Band area can be strongly broken out, then the GbpUsd pair will strengthen even higher with a target towards the nearest seller supply resistance area. In Friday’s early Asian session, trading on the GbpUsd pair was apparently taken over by sellers, who entered in larger volume and started to push the GbpUsd price to reverse from bullish to bearish, with the sellers’ sell target towards the nearest support area at 1.3368-1.3367. However, if buyers are able to contain the bearish move at this nearest support, then buyers will push price back up in a bullish move targeting the nearest seller resistance area at 1.3510-1.3511. Friday’s trading is still tending to strengthen bullish, so the focus is only on looking for Buy entry opportunities by placing pending order areas as follows: A sell entry is taken if sellers manage to break below the nearest buyer support area at 1.3368-1.3367, with the TP target area at 1.3379-1.3278. A buy entry can be taken if buyers manage to break above the nearest seller resistance area at 1.3510-1.3511, with the TP target area at 1.3564-1.3565.