GBP/USD bulls target 1.36 on strong momentum and technical breakout

GBP/USD has accelerated its bullish momentum, rising 0.8% to test 1.3450 resistance as technical indicators flash strong buy signals. The pair has broken above key moving averages and previous resistance levels, with momentum oscillators showing overbought conditions but maintaining upward bias. Dollar weakness across the board has amplified sterling's gains, with the DXY index falling to three-week lows near 106.50. Technical analysis points to immediate resistance at 1.3500, followed by the psychological 1.3600 level. Support has formed at 1.3380 (previous resistance turned support) and 1.3320 (50-day moving average). Trading volumes have increased significantly, suggesting strong conviction behind the move. Risk-on sentiment in global markets and expectations of diverging central bank policies between the Bank of England and Federal Reserve continue to underpin sterling strength. A daily close above 1.3500 could trigger additional buying toward 1.36.