GBP/USD Holds Key Initial Supports, Staving Off Bearish Pressures
GBP/USD is facing challenges on Wednesday after a pullback from the latest multi-month high of 1.3593. The currency pair has cracked the crucial psychological support of 1.3500. Prices dipped to 1.3561; however, the quick bounce back to the 1.3500 zone signals a possible obstacle for fresh bears. Traders should monitor this pair closely to identify potential trading opportunities as market dynamics unfold.