GBPUSD Analysis: Holds Above 1.3461 Pivot as Buyers Eye 1.3530

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of GBPUSD for August 14, 2026.

Technical Analysis of GBPUSD

GBPUSD Daily Chart Insight

(GBPUSD Daily Chart, Source: Ultima Markets MT5)

GBPUSD maintains a constructive daily recovery, with price holding at 1.34957 after advancing from the June lows and moving back above its main moving averages. Price remains above the rising red 16-period moving average (MA16), the purple 50-period moving average (MA50), and the blue 100-period moving average (MA100).

The MA16 is rising most clearly, while the MA100 has also turned gradually higher and the MA50 is beginning to flatten and recover, giving buyers the broader technical advantage. RSI at 58.91 supports positive momentum without reaching the visible overbought threshold.

Immediate attention is on the 1.35290 resistance area, followed by 1.35645 and 1.36000. Further confirmation requires a sustained break above the recent highs rather than another rejection from the 1.35290 area.

Key Levels:

• Support 1 (1.34580): The nearest visible support beneath the current price and the lower boundary of the latest daily consolidation.
• Support 2 (1.34225): A deeper support area located close to the rising red 16-period moving average (MA16).
• Support 3 (1.33515): A major lower support area near the broader moving-average base and the purple 50-period moving average (MA50).
• Resistance 1 (1.35290): The immediate resistance area above the latest cluster of daily candles.
• Resistance 2 (1.35645): The next visible resistance zone above the current recovery.
• Resistance 3 (1.36000): A higher resistance level that previously contained price during the May trading range.

GBPUSD 2-Hour Chart Analysis

(GBPUSD 2-Hour Chart, Source: Ultima Markets MT5)

GBPUSD is consolidating on the 2-hour chart following the rejection from the recent highs near 1.35380. Price at 1.34954 is holding above the downward-sloping red 16-period moving average (MA16) and the rising blue 100-period moving average (MA100), but remains below the purple 50-period moving average (MA50), which has flattened near the upper side of the current range.

The MA100 continues to slope higher, preserving the underlying recovery structure, while the falling MA16 reflects weaker immediate momentum. RSI at 50.10 is neutral, reinforcing the absence of clear short-term control from either buyers or sellers. The current structure therefore remains consolidative, with a sideways pause likely until price breaks away from the 1.34860–1.35120 area.

Breakout Scenarios:

• Bullish continuation is a possible scenario, triggered by a decisive break and hold above 1.35120. This would reopen the 1.35250 area, followed by the recent high near 1.35380.
• Bearish correction is also a possible scenario, triggered by a failure to hold 1.34860 followed by a decisive breakdown. The next visible downside area is 1.34730, close to the rising blue 100-period moving average (MA100).

GBPUSD Pivot Indicator

(GBPUSD 30-Minute Chart, Source: Trading Central)

GBPUSD is trading at 1.3488 on the 30-minute chart, remaining above the main 1.3461 pivot and therefore preserving an immediate bullish preference. Price action has been consolidating after the earlier decline, while RSI at 48.43 remains neutral and lacks strong upside momentum. MACD is positioned around the zero line and has flattened, indicating that directional momentum is still limited. A stronger move away from the current consolidation is therefore required before the next short-term direction becomes clearer.

• Bullish Breakout: Holding above the 1.3461 pivot maintains the bullish preference, with 1.3530 as the first upside target and 1.3550 as the second. Confirmation would be strengthened if RSI turns higher from 48.43 and MACD moves above its signal line while improving from around the zero level.
• Bearish Rejection: A decisive break below the 1.3461 pivot would shift the immediate bias bearish, exposing 1.3429 as the first downside target and 1.3409 as the second. Confirmation would require RSI to weaken from 48.43 toward the lower end of its range while MACD turns below its signal line and moves further below the zero level.

Disclaimer Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.