#GBPUSD eyes 1.3500 and beyond RSI touches 70 area, MACD crosses above trigger line 🤔🎂🎉🚀

To sum up, GBPUSD is completing the sixth straight four-hour session, extending its bullish structure. However, a retreat below 1.3335 could change the current outlook.

BPUSD skyrocketed to a fresh, more than three-year high of 1.3490, developing in a steep upward movement since the bounce off 1.3140. The next crucial battle would come from the 1.3500 round number before traveling toward January’s 2022 peak at 1.3750.

On the other hand, a downside correction could push traders to the immediate mid-level of the Bollinger band at 1.3410. Below that, the 1.3390 support, which holds near the short-term uptrend line, may act as a turning point to the market. A downfall could change the outlook to neutral, meeting 1.3335.

From a technical perspective, the price climbed above the upper Bollinger band, strengthening the positive momentum. The RSI is approaching the overbought area, while the MACD is trying to surpass its trigger line above the zero level.