The GBPUSD has attracted steady buying since bottoming near 1.3272 on July 28. That move extended to 1.3674 on Friday before the pair shifted into consolidation over the last three trading days.Today’s price action has remained confined between 1.3623 and 1.3652—a narrow 29-pip range. Although the market has paused, the sideways trading has allowed the rising 100-hour moving average to catch up with the price. That moving average currently comes in at 1.36329.Apart from a few brief dips below the level, buyers have continued to lean against the 100-hour moving average and maintain the bullish bias. The current price is trading near 1.3642, roughly 10 pips above that key technical barometer.As long as the price remains above the 100-hour moving average, buyers can use the level to define and limit risk while looking for another move higher. The first major target is Friday’s high at 1.3674. A break above that level would open the door toward swing highs dating back to June and September 2025 between 1.3725 and 1.3772. Beyond that area, the 2026 high from January comes in at 1.38688.Conversely, a sustained move below the 100-hour moving average would not necessarily trigger a sharp decline, but it would represent a modest shift in the short-term bias. The next downside targets would be Friday’s low at 1.3617, followed by the rising 200-hour moving average near 1.3587.That 200-hour moving average remains an important support level. On August 13, the GBPUSD based against it, keeping buyers in control and helping launch the latest trend-like move higher.For now, buyers continue to hold the stronger hand. The rising 100-hour moving average is the closest risk-defining level, while the 200-hour moving average provides the more important support and bullish-bearish barometer below. This article was written by Greg Michalowski at investinglive.com.