GBP/USD consolidates below 100-hour MA at 1.3359, awaits breakout

GBP/USD gained modest ground during the Asian-Pacific session before stalling at the 100-hour moving average near 1.3359, which continues to act as a key resistance level. The pair's upside momentum was capped as sellers defended this technical barrier, maintaining the near-term bearish bias. Trading remained subdued as the European and US sessions began, with the currency pair consolidating in a tight range below the declining moving average. The inability to breach this resistance suggests continued selling pressure, with traders awaiting a decisive move to establish directional clarity. Technical indicators point to a critical juncture, where a sustained break above 1.3359 could trigger further gains toward 1.3400, while failure to overcome this level may result in a retest of recent lows near 1.3300. Market participants are positioned cautiously, waiting for fresh catalysts to drive the next significant move in the sterling-dollar exchange rate.