GBP/USD Weekly Outlook

GBP/USD recovered strongly last week, but the pair remains capped below 1.3557 resistance, leaving the near-term bias neutral. The outlook suggests the corrective move from 1.3867 is still unfolding within a broader uptrend from the 2022 low at 1.0351. A break above 1.3557 would likely extend gains toward 1.3657, while a drop below 1.3272 would expose 1.3139 support. Medium-term bullishness is still intact as long as 1.3008 holds, but a decisive break below that level would increase the risk of a deeper correction toward 1.2524. In the longer term, the pair remains structurally bearish unless it breaks the 1.4248/1.4480 resistance zone, which would signal a potential bullish reversal.