GBP/USD hit a fresh three-month high of 1.3562

GBP/USD extends its gains for the second successive session, trading around 1.3560 during the Asian hours on Tuesday. The technical analysis of the daily chart indicates a persistent bullish bias. The 14-day Relative Strength Index (RSI) reached 69.29, near overbought. If the RSI extends into overbought territory, the pair could consolidate before resuming the trend.

The GBP/USD pair holds above a rising nine-day Exponential Moving Average (EMA) and the 50-day EMA, sustaining a bullish bias. The short-term average remains above the medium-term gauge, keeping upside pressure.

The GBP/USD pair hit a fresh three-month high of 1.3562 during early Asian hours. Further gains could lead the pair to target the six-month high of 1.3726, followed by the 1.3788, the highest level since October 2021.

Momentum stays firm with price action anchored above the ascending averages, yet stretched conditions could cap the next leg. The GBP/USD pair could find immediate support at the nine-day EMA of 1.3496, followed by the 50-day EMA at 1.3375. A break below the medium-term average would put downward pressure on the pair to navigate the region around the eight-month low of 1.3010.