Technical Analysis:
GBP/USD advanced further on Monday, bolstered by easing global trade tensions and supportive yield dynamics, closing the North American session with a strong 0.8% gain at 1.3417. The currency pair continues to find reliable technical support at the rising 10-day moving average (currently around 1.3306), a consistent trendline that has underpinned recent bullish price action. With Monday's peak at 1.3424, GBP/USD is now well-positioned to test and potentially breach the critical long-term resistance at 1.3437, marking the weekly high from March 4, 2022.

A confirmed break above 1.3437 would provide substantial technical validation for further bullish progression, opening targets at the upper 30-day Bollinger band at 1.3454. Beyond this point, the significant psychological resistance at 1.3500 becomes the next bullish objective. Technical momentum remains positive, reinforced by a constructive daily RSI, which has further room to rise before signaling overbought conditions. Additionally, sterling benefits fundamentally from favorable gilt-to-U.S. Treasury yield differentials, underscoring the supportive environment for GBP/USD.

Conversely, should GBP/USD fail to decisively clear the resistance at 1.3437, initial support is found at the rising upper 30-day Bollinger band at 1.3408. More meaningful technical support is closely followed by the ascending 10-day moving average at 1.3306, a critical pivot that must hold to maintain the bullish short-term bias. A break below this key moving average could lead to a brief corrective decline toward Monday’s low at 1.3281, though such retreats are likely to be temporary, given the prevailing bullish technical and fundamental backdrop.