Analysts note near-term downside pressure on the pound, with a break below 1.3410 signaling delayed upside tests.
GBP/USD has traded in tight ranges near 1.3455, with analysts observing a slight increase in near-term downside momentum. Intraday declines are expected to stay within 1.3430–1.3475, though broader momentum has eased in recent days.
Earlier projections targeted a test of 1.3555 resistance, but upward momentum has weakened. A break below 1.3410 would confirm further delays in reaching that level, shifting focus to range-bound conditions.
The pair closed at 1.3469 two days prior, up 0.12%, after failing to sustain gains above 1.3486. Near-term trading remains constrained by softer momentum and limited directional bias.