GBP/USD Daily Outlook: Inches Higher or Gearing for a Break? Technical Insights & Market Outlook
GBP/USD remains range-bound near 1.2778 resistance after mixed UK data and a resilient US dollar. Technical indicators suggest a cautious bullish bias, with key supports at 1.2673 and 1.2597. Market focus is on Fed’s rate signals and BoE’s inflation outlook to set medium-term direction. Traders should watch for a decisive break above resistance or below support to signal next moves. Analysis by ActionForex.com. All rights reserved.
