GBP/USD Bullish Trends: The Sterling Pushes Toward Resistance Levels
GBP/USD maintains an upward trajectory, approaching key resistance levels around 1.3585. The recent weakness in the dollar, coupled with fresh signals of potential Federal Reserve rate cuts, supports sterling. Additionally, data from the UK labor sector alleviates immediate concerns for the Bank of England regarding rate adjustments. As the market navigates through these dynamics, investors should closely watch the price action around this resistance point. The next few trading sessions may reveal whether GBP/USD can break through or face a correction.