Analysts see the pair consolidating between 1.3620 and 1.3665 after recent gains, eyeing a potential move higher.
GBP/USD remains in a short-term consolidation phase, trading between 1.3620 and 1.3665 following an overbought push. The range-bound action suggests limited near-term volatility as the pair digests recent gains.
The current range follows a period of upward momentum, with 1.3700 identified as the next resistance level. Analysts note the pair’s stability despite broader market fluctuations, reflecting cautious optimism among traders.
No immediate market reaction was specified, but the outlook implies a gradual shift toward the upper bound if momentum persists.