GBPUSD SHORT

GBPUSD holds within a tight range in early Tuesday's trading. After falling for a third straight session, the pound is trying to recover against the US dollar but is finding life difficult as the greenback is showing signs of short-term strength.

Key Indicators

• Short-term bearish divergences are still intact, pointing to further downside.

• The upside pressure weakened amid a solid ceiling in place.

Fundamental Context

GBPUSD rebounded to near 1.3560. The rebound could also be linked to the market’s anxiety ahead of the key events scheduled for publishing. However, the short-term price movements are currently showing a lack of clear direction.