Double TOP

GBP/USD has retreated from the 1.3550 region after buyers again failed to extend gains near the top of the range. The bearish case remains unconfirmed while 1.3480 holds, leaving traders focused on UK GDP and US PPI for the next catalyst.

EUR/USD is showing signs of exhaustion after rising for more than two weeks, with technical resistance near 1.1465 limiting the upside. Market participants are watching whether the pair grinds lower toward 1.1400 and 1.1315 or forms a tradable range in thin July conditions.

GBP/USD is trading near a dense resistance zone after a bullish channel breakout failed to deliver a decisive extension. Traders are watching whether the pair rejects 1.3375-1.3405 or slides toward support around 1.3297 and 1.3300.