GBP/USD maintains the bullish momentum ahead of the London session. Declining US Treasury yields keep the Greenback subsided. BOE’s rate hike plan in H1-2022 further strengthens the pound. Brexit woes may hamper the path of gains. With the market still climbing, the GBP/USD price is profiting from the previous Friday session. As a result, we expect the pair to close the week on a higher note. -Are you looking for automated trading? Check our detailed guide- At the time of writing, GBP/USD is trading at 1.3847, up 0.08% on the day. After the yields on 10-year Treasury notes plummeted, the US Dollar Index (DXY), which tracks the dollar’s value against its six major rivals, is reversing its direction. The economic recovery remains tinged with pessimism due to the rise in Coronavirus cases. On Thursday, Joe Biden announced an anti-vaccine movement. It was his goal to combat vaccine resistance in America. Biden and Xi’s conversation was encouraging. Get FREE Forex Signals Now! The number of initial claims for unemployment in the US has fallen to a new low. A disappointing NFP estimate the week before resulted in fewer applications than anticipated. However, after optimism over the expectation that the Bank of England (BOE) would raise interest rates in the first half of 2022, the pound recovered earlier than expected. The most influential party in Northern Ireland (NI) also stated that post-Brexit tensions were to blame for limited profits. UK trade balance, industrial production, and US producer price index data are considered important for investors. -If you are interested in forex day trading then have a read of our guide to getting started- GBP/USD price technical analysis: Key SMAs supporting the upside GBP/USD 4-hour price chart The GBP/USD price managed to break above the key SMAs, standing near the mid-1.3800. As a result, the pound bulls may look to extend rally towards 1.3900 and above. Although the average daily range so far is only 26%, the pair is likely to find some traction during the London session. The price is now consolidating gains while the volume is drying up. Any breakout will determine the next directional bias. Looking to trade forex now? Invest at eToro! Trade Forex Now! 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal Majors share Read Next Cardano Price Back Up: Time To Buy ADA Before The Big Move? Gerald Fenech 1 year GBP/USD maintains the bullish momentum ahead of the London session. Declining US Treasury yields keep the Greenback subsided. BOE's rate hike plan in H1-2022 further strengthens the pound. Brexit woes may hamper the path of gains. With the market still climbing, the GBP/USD price is profiting from the previous Friday session. As a result, we expect the pair to close the week on a higher note. -Are you looking for automated trading? Check our detailed guide- At the time of writing, GBP/USD is trading at 1.3847, up 0.08% on the day. After the yields on 10-year Treasury notes plummeted, the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.