GBP/USD Tests Key Resistance as Dollar Repricing Accelerates
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GBP/USD has extended its recent advance, pressing against resistance built from the last several weeks of price action. Momentum indicators remain constructive, though the pair is approaching levels where profit-taking has historically emerged.
A clean break above the current resistance zone would open room for a continuation move, while failure to hold gains could trigger a retest of near-term support around the 50-day moving average.
Traders are watching for a decisive close to confirm direction, with volatility likely to pick up as U.S. data releases feed into dollar positioning this week.