GBPUSD

GBPUSD is firmly consolidating its recent gains, trading at its highest levels in 8 weeks, a move fundamentally supported by a broad weakness in the US dollar.

Key Indicators

• RSI at 60 shows controlled momentum without being overbought.

• Short-term moving averages remain upward sloping.

Fundamental Context

The currency pair is experiencing a slight retreat from multi-week highs as the U.S. dollar rebounded modestly, leading investors to book profits while awaiting fresh U.S.-Iran peace talk updates.