GBP/USD tilts bullish as markets barrel toward mid-week NFP print

💡 DMK Insight

GBP/USD is showing strong bullish momentum, and here’s why that’s crucial for traders right now: With the price comfortably above the 50 EMA at 1.3507 and the 200 EMA at 1.3310, the pair is signaling a robust intermediate uptrend. This structure suggests that buyers are firmly in control, especially since the last significant low was established near 1.2300 in November 2025. Traders should keep an eye on these EMAs as potential support levels; a drop below the 200 EMA could indicate a shift in sentiment. Additionally, the broader market context, including any shifts in U.S. economic data or Bank of England policy, could impact this bullish trend. If GBP/USD continues to hold above these moving averages, it could attract more buyers, potentially pushing the price higher. However, it’s worth noting that overbought conditions could lead to a pullback. Watch for any signs of weakness around the 1.3500 level, as a break below could trigger profit-taking. Keep an eye on upcoming economic releases that might affect the pair, particularly any inflation data or central bank announcements that could sway market sentiment.