GBP/USD Price Forecast: Hovers around nine-day EMA near 1.3500

GBP/USD inches higher after registering little losses in the previous day, trading around 1.3520 during the Asian hours on Wednesday. The technical analysis of the daily chart indicates a potential for a bearish reversal as the pair is hovering around the lower boundary of the ascending channel pattern. However, the GBP/USD pair maintains a modest bullish bias as it holds above the nine-day Exponential Moving Average (EMA) and the 50-day EMA.

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