Analysts expect the Pound to test 1.3555 in coming weeks but view a sustained break above as unlikely.
GBP/USD closed at 1.3509, up 0.01%, after trading in a tight 1.3493–1.3515 range. Intraday movements remain constrained within 1.3490–1.3535, with limited scope for further gains despite a firm underlying tone.
Earlier projections saw potential for a test of 1.3555 over the next 1–3 weeks, though momentum is expected to stall above that level. Support is pegged at 1.3460, with a break below required to weaken the outlook.
Price action has deviated from initial expectations, failing to extend Monday’s high of 1.3530, but analysts maintain a cautiously positive view.