GBPUSD broke through 1.3648 targeting a key resistance level of 1.37683

【coin界】GBPUSD trading price is higher than the 2025 high of 1.36314, also higher than the February 2022 high of 1.3644, with the recent peak reaching 1.3648. Buyers are making a strong push, with momentum increasing, the focus is now shifting to the next major resistance level on the weekly chart (see chart above). The key upside target is the 50% retracement level from the 2014 high to the 2022 low, located at 1.37683. It is worth noting that the high of January 2022 at 1.37479 stalled below this midpoint, further consolidating its importance as a resistance zone. On the downside, the support level is now located at 1.36158–1.36338, this area is defined by swing highs since June 5th (see red numbered circles in the chart below). As long as the price holds above this area, the bullish bias remains, with buyers in control. A fall below this area will disappoint those who bought on the breakout to the upside.