Analysts forecast GBP/USD consolidation between 1.3425 and 1.3470 after recent trading between 1.3423 and 1.3456.
GBP/USD remained range-bound, trading between 1.3423 and 1.3456 following a prior high of 1.3506. The pair showed limited volatility after the recent spike, reflecting cautious market sentiment.
Analysts expect near-term consolidation within a 1.3425–1.3470 range, suggesting muted upside potential. The prior session’s high of 1.3506 remains a key resistance level, with support at 1.3425.
No immediate market reaction was noted, as traders await further catalysts for directional movement.