Technical Analysis: GBP/USD Rebounds, Price Increase Outlook

GBP/USD regained bullish momentum on Thursday, climbing above 1.2500 for the first time in nearly two weeks after closing positively for the second consecutive day on Wednesday. Short-term technical prospects for this currency pair indicate an upward trend.

Looking at the price chart, it is adjusting towards an uptrend. Prices are expected to test the SMA 50 and SMA 100 levels and potentially break through the trendline, signaling a strong uptrend.