GBP/USD consolidates at 1.3350 with mixed technical signals

GBP/USD is trading in a tight range around 1.3350, showing signs of consolidation after recent volatility. The pair faces immediate resistance at 1.3380, which has capped upside attempts over the past three sessions. Technical indicators present a mixed picture, with the RSI hovering near 50 indicating neutral momentum, while the MACD shows early signs of bearish divergence. The dollar index futures (DXY) remain elevated at 105.20, maintaining pressure on cable. Short-term support has formed at 1.3320, coinciding with the 20-day moving average. Market participants await Thursday's Bank of England policy meeting minutes and Friday's UK retail sales data for directional catalysts. A break above 1.3380 could open the path toward 1.3420, while failure to hold 1.3320 support might trigger a deeper correction toward 1.3250. Traders should monitor broader dollar dynamics for additional cues.