GBP/USD Targets 1.3550 as Pound Rallies with Strong SMA Crossover Support

GBP is looking strong against the USD, trading near 1.3507 today. Intraday momentum is bullish after breaking above the 50 day SMA...

Written by: Arslan Butt • Monday, September 8, 2025 • 1 min read

• Last updated: Monday, September 8, 2025

Quick overview

GBP is currently trading strong against the USD at 1.3507, with bullish intraday momentum after breaking key moving averages.
Key resistance levels to watch are 1.3550, 1.3595, and 1.3633, while support is found at 1.3480 and 1.3460.
Traders should be cautious of potential RSI divergence and consider a stop-loss below 1.3475 when trading.
Patience is essential, as waiting for candlestick confirmation can help navigate the strong momentum and key inflection points.

GBP is looking strong against the USD, trading near 1.3507 today. Intraday momentum is bullish after breaking above the 50 day SMA at 1.3442 and the 200 day SMA at 1.3465. This crossover base is solid support, so I expect trend to continue in the short term.

Price has made a series of higher highs and higher lows, a trend. Candlesticks are also showing strong dip buying, with long lower shadows on recent candles.

Key Technical Levels to Watch

Immediate resistance: 1.3550, followed by 1.3595 and 1.3633
Support zones: 1.3480, with the rising channel base near 1.3460
Momentum signal: RSI at 61.5, edging toward overbought

While momentum is bullish, traders should be cautious of a potential RSI divergence if price climbs too quickly. A failure to break above 1.3550 could trigger short-term pullbacks.

GBP/USD

GBP/USD Trade Setup for Intraday Traders

For novice traders, the setup is straightforward. A sustained break above 1.3520 opens the path toward 1.3550 and 1.3595, with a stop-loss below 1.3475 to manage risk.

GBP/USD Price Chart - Source: Tradingview — GBP/USD Price Chart – Source: Tradingview

On the other hand, if price stalls at resistance and bearish patterns like a shooting star emerge, short opportunities could develop back toward 1.3460.

In my experience, patience matters most here. Wait for candlestick confirmation before entering, as GBP/USD is moving with strong momentum but remains close to key inflection points.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.