GBP/USD Stalls Near Weekly High as Tight Consolidation Range Holds

GBP/USD continues to trade within a narrow consolidation range, with price action on Monday marginally extending beyond the prior session's extremes. The pair touched a session low of 1.3471 and a high of 1.3536, slightly widening the range established yesterday when the pair traded between 1.3474 and 1.35344. Despite the marginal extension to the upside, the pair stalled near the weekly high, suggesting buyers are struggling to generate sustained momentum above the 1.3536 resistance zone. The tight trading band reflects a market in wait-and-see mode, with neither bulls nor bears able to establish dominance. Key technical levels to watch include immediate resistance at 1.3536 (the weekly high), with a decisive break above potentially opening the door toward 1.3560–1.3580. On the downside, support is anchored at 1.3471, and a breach below could expose the pair to a move toward 1.3440. Traders should monitor upcoming UK and US economic releases for catalysts that could trigger a breakout from this consolidation pattern.