GBP/USD Analysis: Uphill Battle Despite Overbought Conditions
GBP/USD continues its upward trend, touching a fresh monthly high near 1.3600 before correcting lower. Despite this pullback, the pair’s technical outlook still shows signs of overbought conditions. Investors should carefully watch for mid-tier data releases that could influence future price movements. The market’s reaction to this data will be critical in determining the direction of GBP/USD in the near term. Staying informed will help traders make strategic decisions as the market evolves.