GBP/USD Faces Pressure as Resistance at 1.3400 Looms
The GBP/USD pair finds itself steady around 1.3320 during Asian hours, following losses seen in prior sessions. Technical analysis reveals a looming resistance at the 1.3400 mark. Breaking below its ascending channel pattern hints at weakening bullish momentum. Traders evaluate their strategies as the market prepares for potential volatility in the coming sessions. Will GBP/USD manage to overcome the resistance or falter under pressure?