Technical analysis
GBP/USD. Potential dollar weakening may support the pound against the US dollar
The pair remains in a broad
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29.07.2026 12:02 PM
The pair remains in a broad “sideways trend” amid a challenging external and domestic economic and political environment. However, the Fed’s decision to keep interest rates unchanged may weaken the dollar, which would support the pound against it. Against this background, the pair is expected to rise within the established price range.From a technical perspective, the pair is trading above the 1.3280 level.Technical picture and trading idea: The price is below the middle line of the Bollinger Bands and
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