FX.co ★ dusty24 | GBP/USD

Technical Analysis on the GbpUsd market pair using Bollinger Bands on Thursday, May 7, 2026 The control of the GbpUsd market pair continues to be in the hands of buyers who are able to maintain their dominance by strengthening their position, thus pressuring sellers not to exert bearish pressure, even if it's just a correction, due to the strong buyer support area at 1.3534-1.3535. The continuous reinforcement by buyers allows the price control to remain bullish, moving higher as buyers gain more strength.

Observed using the Bollinger Bands indicator on the Daily timeframe, it is evident that the candlesticks or prices are still controlled by buyers, moving upwards away from the Middle Bollinger Band at 1.3526. This is supported by the dominance of bullish candlesticks and Bollinger Bands lines still pointing upwards, indicating that the GbpUsd market pair is still strongly bullish and receiving positive responses from market participants who want the GbpUsd price to continue strengthening. With the advantage held by buyers, the GbpUsd price movement will continue to be bullish, with buyers aiming towards the Upper Bollinger Band area at 1.3610. If this area is successfully broken out, the price pair will further strengthen bullish towards the nearest Supply Resistance seller area. Trading on Thursday in the Asian market session shows that the price movement is successfully controlled by buyers who are striving to push the price higher in a bullish trend after successfully resisting bearish corrections. Buyers seem poised to push the price higher towards the nearest seller resistance area. The strong bullish pressure currently reinforces that the GbpUsd pair will continue to be dominated by bullish pressure, making it a matter of finding opportunities for Buy entries or placing pending orders as follows: A sell entry is made if sellers manage to break below the nearest buyer support area at 1.3531-1.3530, with the target TP area at 1.3476-1.3475. A buy entry can be made if buyers successfully break above the nearest seller resistance area at 1.3641-1.3642, with the target TP area at 1.3697-1.3698.