GBP/USD Extends Gains as Dollar Slides to Fresh Lows
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The pound is capturing tailwinds from a broader dollar retreat that's rippling across G10 currencies. As the greenback probes fresh lows versus the yen, GBP/USD is benefiting from the same wave of dollar selling, with buyers stepping in on dips.
Momentum indicators favor continuation as long as the dollar index remains under pressure. Traders are watching whether cable can build a higher-high structure, using recent consolidation zones as a base for the next leg higher.
A failure to hold gains would signal dollar resilience returning, but for now the path of least resistance for GBP/USD appears tilted to the upside.