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GBPUSD Technical Analysis – 24th FEB, 2026
GBPUSD – On 24th February 2026, GBPUSD registered a notable intraday high at 1.3536

 
GBPUSD Technical Analysis – 24th February 2026
On 24th February 2026, GBPUSD registered a notable intraday high at 1.3536, a level that marked a critical resistance zone within its medium-term structure.
Daily Chart
The advance into 1.3536 coincided with a test of the 200-day SMA, reinforcing its role as long-term dynamic resistance. Price action printed an upper shadow, reflecting profit-taking pressure at the highs. The RSI approached 68, indicating strong bullish momentum but edging toward overbought conditions. This suggested that while buyers maintained control, upside conviction was beginning to taper near resistance.
4-Hour Chart
On the 4H timeframe, the rally into 1.3536 was accompanied by expanding bullish candles, but momentum indicators began to diverge. The MACD histogram showed reduced bullish acceleration, with signal lines flattening. The Stochastic Oscillator entered overbought territory, reinforcing the likelihood of short-term exhaustion. The rejection at 1.3536 highlighted supply pressure and the potential for corrective retracement.
Key Levels
•    Support: 1.3485 (minor demand zone), 1.3425 (structural base, prior consolidation floor)
•    Resistance: 1.3536 (intraday high, immediate supply), 1.3600 (psychological barrier, Fibonacci 50% retracement of prior decline)
Market Implications
The high at 1.3536 underscored GBPUSD’s struggle to break through medium-term resistance. Sustained closes above this level would open the path toward 1.3600, while failure to maintain momentum could trigger a pullback toward 1.3485 and 1.3425.

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Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

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