GBP/USD has retreated to the 1.3400 area during the European session after a strong performance at the start of the week. The recent retreat indicates a loss of bullish momentum in light of upcoming Purchasing Managers Index (PMI) data releases from the US. Traders are adjusting their strategies as they wait for economic indicators that may impact the currency pair’s trajectory. Resistance levels remain a focus for market players, highlighting the need for positive sentiment to push past these hurdles. Observers will keep a close eye on economic results to gauge the potential for movement in GBP/USD.