GBPUSD is now enjoying upside momentum on daily chart it has Finally crossed above 50-day moving average for the first time in many months - a bullish sign the technical situation improving but the currency pair remains below the 100 and 200 SMAs. initial resistance awaits to early September's peak of 1.2350 it followed by 1.2380 which provided support in mid July . on the filip side the initial support 1.2250 which capped the pair in the late july further down we find 1.2210 which also held GBP/USD down in early August the next level is 1.2150 that provided support in the late August