GBPUSD Mixed Signals: Range-Bound Near 1.3450-1.3500
Bearish shift after BOE hold but recent bullish momentum challenges it. Price paused at 1.3500 target with RSI overbought, suggesting potential pullback. Support at 1.3435/1.3480, resistance 1.3500/1.3539. Intraday pivot 1.3458. EMA50 support and RSI bullish divergence indicate limited downside. A bearish outlook targets 1.2690/1.2201 but timeliness uncertain. Fundamental drivers: UK services contraction, dovish BoE repricing, safe-haven flows, Fed-BoE divergence. Mideast uncertainty supports USD.
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Updated Aug 12, 2026