GBP/USD Outlook (25/07): Navigating Consolidation & Chart Signals Ahead
GBP/USD remains in a consolidation phase between 1.2850 and 1.3150 as traders await fresh data and central bank signals. Mixed US economic reports and cautious Bank of England policy are keeping the pair range-bound. Technical indicators, including a flattening 50-day SMA and neutral RSI, suggest limited directional momentum near term. Watch key support at 1.2850 and resistance around 1.3150 for potential breakout clues. Full analysis by Christopher Lewis, via MENAFN.com.
