GBP/USD Forecast 2026: Bullish Breakout or Consolidation Ahead? Technical Insights and Market Outlook
GBP/USD remains range-bound near 1.2700–1.2800 as traders weigh mixed signals from UK economic data and US inflation trends. Technicals show key resistance at 1.2800 and support at 1.2700, with cautious bullish momentum underpinned by the 50-day SMA and moderate RSI. Watch for a breakout above 1.2800 to target 1.2950 or a drop below 1.2700 that could expose support near 1.2625. Fundamentals and BoE policy updates remain critical in shaping price action next week. Full forecast by Christopher Lewis at DailyForex.com.
