GBPUSD: Key Resistance at 1.3495 Highlights Range-Bound Trading Outlook
Over the past three trading days, GBPUSD has traded within a tight range, closing yesterday at 1.3428, down about 0.24%. The pair’s movements were driven largely by stable US inflation data, with the December CPI holding steady at 2.7%, supporting the US dollar and keeping GBPUSD subdued. Recent market news points to a broadly strong dollar stance amid ongoing Fed-related uncertainties, which leads to GBPUSD consolidating near current levels. For everyday investors, this feels like waiting for a clear direction, as price action remains muted but key levels are critical for the upcoming move. Traders should watch crucial technical support and resistance to prepare for potential breakout or pullback scenarios.


