GBPUSD Consolidation: What Awaits Around Cycle Highs?
GBPUSD continues to consolidate around cycle highs as market momentum appears to wane. The recent support for the USD stems from ongoing de-escalation in trade conflicts, indicating a shift in market dynamics. This current positioning seems to prioritize technical analysis over fundamental factors, suggesting that traders should monitor how momentum changes in response to upcoming economic releases and geopolitical developments. Market interest in GBPUSD remains high, with expectations of volatility in the near term as fundamentals attempt to influence price direction.