• GBP/USD is trading in a tight 1.3480–1.3500 range in subdued amid holiday-thinned liquidity.
• Holiday closures in London curtailed liquidity and news flow, keeping the pair range-bound and directionless.
• GBP/USD continues to stall just below the 1.3533 and remains well under the 1.3726 peak set on September 17, highlighting persistent medium-term resistance
• UK market closures are set to keep liquidity subdued, making significant moves unlikely until trading activity normalizes, potentially from Monday onward.
• Immediate resistance is located at 1.3522(23.6%fib), any close above will push the pair towards 1.3537(Higher BB)
• Strong support is seen at 1.3425(38.2%fib) and break below could take the pair towards 1.3366(SMA 20).
Recommendation: Good to buy around 1.3480, with stop loss of 1.3430 and target price of 1.3550.
