GBPUSD follows path of the lower USD higher, but finds willing sellers near key swing area

2026年5月21日最近のFX関連情報Technical Analysis

The GBPUSD moved sharply higher today as broad-based USD selling gained momentum on hopes for peace in the Middle East, lower oil prices, declining Treasury yields, and stronger US stock prices. The bullish move was also supported by key technical developments throughout the session.

Early in the North American session, the pair found willing buyers near the rising 100-hour moving average at 1.3384, helping to stabilize the downside. From there, momentum accelerated after the price moved back above the 50% midpoint of the rally from the March 31 low at 1.3408. Buyers then pushed the pair above the 200-day moving average at 1.34229, increasing the bullish bias and opening the door for a test of higher resistance targets.

The rally extended into a key swing area resistance zone between 1.3446 and 1.3465, where upside momentum began to slow. The high price reached 1.3463 before sellers leaned against two critical technical resistance levels: the falling 200-hour moving average at 1.3472 and the 100-day moving average at 1.3476. Those levels helped cap the rally, triggering a modest rotation lower, with the pair currently trading near 1.3437.

Technically, the broken 200-day moving average at 1.34229 is now the key support level on the downside. Buyers would be expected to lean against that level to keep the short-term bullish bias intact following today’s rebound. However, a break back below that moving average would shift the bias back in favor of the sellers.

On the topside, a move above the 100-day moving average at 1.3476 would strengthen the bullish case further and open the door for additional upside momentum, with 1.3500 and 1.3530 as the next targets

Key technical levels: