At the start of the week, GBP/USD navigates through challenges yet appears poised for potential recovery. Currently trading above the 1.2400 mark, the pair’s price movements reflect an oscillation within a tight range. Despite Friday’s modest recoveries, it is essential to note that prices remain near lows not seen since April 2024. With market conditions favoring a bullish US Dollar, GBP/USD may find it difficult to break free from a prolonged downtrend. Traders should prepare for fluctuations and adjust their strategies accordingly to maximize their potential gains. Overall, this presents a critical time for market watchers.