FX.co ★ dusty24 | GBP/USD

Simple Moving Average Technical Analysis on the GbpUsd pair on Monday, 17 August 2026 Buyer strength again dominated trading on the GbpUsd pair on Friday at the end of last week, continuing to push into the market with very strong and dominant power, not even giving room for sellers to apply bearish pressure below the buyer support area at 1.3487-1.3488, which was strongly defended by buyers and ultimately caused the GbpUsd pair price to soar sharply bullish.

Observed on the Daily timeframe using Moving technicals, it appears the GbpUsd pair is once again under buyer control, which is again dominating trading by entering more strongly and keeping the price position above the Yellow 200 MA area at 1.3407, further supported by the dominance of strong bullish candlesticks, indicating that the GbpUsd pair can still continue to move higher today. If buyers can consistently maintain their bullish momentum, there is potential to test the nearest seller Supply Resistance area located at 1.3610-1.3640. Trading on Monday morning in the Asian session shows that price movement is still controlled by buyers, who are able to dominate by continuously pushing the price higher in a bullish move, targeting the nearest seller resistance area at 1.3564-1.3565. If this area can be broken strongly by buyers, then the GbpUsd pair price will strengthen even further with the next target towards the seller resistance area at 1.3604-1.3605. However, if it fails to be broken, sellers will take over price control and target a bearish decline towards the nearest buyer support area at 1.3481-1.3480. If the nearest support area can be broken by seller bearish pressure, then the GbpUsd pair price will fall even deeper with a target towards the next support area at 1.3436-1.3435.