GBPUSD Analysis: Bullish Structure Tests 1.3657 Pivot Resistance

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of GBPUSD for August 26, 2026.

Technical Analysis of GBPUSD

GBPUSD Daily Chart Insight

(GBPUSD Daily Chart, Source: Ultima Markets MT5)

GBPUSD maintains a bullish daily bias after extending its recovery into the 1.36449 area. Price is trading clearly above the red 16-period moving average (MA16), purple 50-period moving average (MA50), and blue 100-period moving average (MA100). The MA16 has turned sharply higher, while the MA50 and MA100 are also beginning to slope upward, although the MA100 remains slightly above the MA50.

RSI stands at 69.68, reflecting strong upside momentum as price approaches the 1.3684 resistance area. Buyers therefore retain the broader advantage, but a sustained move above this resistance is still required to confirm that the recovery can extend toward the major January highs.

Key Levels:

• Support 1 (1.3520–1.3561): The immediate pullback zone, reinforced by the rising red MA16 and the latest breakout structure.
• Support 2 (1.3397–1.3438): A broader support area containing the purple MA50 and blue MA100.
• Resistance 1 (1.3684): The immediate resistance area around the latest daily highs.
• Resistance 2 (1.3807–1.3848): The major higher resistance zone around the January peak.

GBPUSD 2-Hour Chart Analysis

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

GBPUSD retains a bullish H2 bias, although momentum has shifted into consolidation near 1.36450 following the latest advance. Price remains above the red 16-period moving average (MA16), purple 50-period moving average (MA50), and blue 100-period moving average (MA100).

The MA16 has flattened near the rising MA50, while the MA100 continues to trend steadily higher underneath price, keeping the broader short-term structure constructive. RSI at 55.80 remains positive without showing excessive momentum, suggesting that a sideways pause or temporary correction is possible before the next directional move.

Breakout Scenarios:

• Bullish continuation is the higher-probability outcome, triggered by a decisive break and hold above 1.36530. This would expose the recent high around 1.36695 as the next visible resistance.
• Bearish correction is the lower-probability alternative, triggered by a failure to hold the 1.36200 area followed by a decisive breakdown. This would shift attention toward the rising blue MA100 around 1.35870.

GBPUSD Pivot Indicator

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

GBPUSD is trading at 1.3648 on the M30 chart, slightly below the main pivot at 1.3657, maintaining an immediate bearish bias. RSI stands at 56.36 but has started to flatten, while MACD momentum is also levelling out around 0.00 area.

The combination suggests that the market is consolidating close to the pivot and losing momentum rather than showing a strongly confirmed directional move.

• Bearish Breakdown: Remaining below 1.3657 keeps the bearish preference active, with 1.3580 as the first downside target followed by 1.3561. Confirmation would strengthen if RSI turns lower from 56.36 while MACD falls below its signal line and moves away from the 0.00 area.
• Bullish Reversal: A decisive break and hold above 1.3657 would invalidate the immediate bearish preference and open the way toward 1.3690, followed by 1.3709. Bullish confirmation would require RSI to strengthen from 56.36 while MACD turns higher above its signal line and the 0.00 area.

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.