The British pound is holding firm at 1.3367 after a 0.6% gain on Monday, following the UK’s post-Brexit defense and trade realignment with the EU. GBP/USD is pressing into resistance near 1.3400, with the 50-period SMA offering a platform at 1.3287. Bullish structure and recent bullish candles on the 4H chart suggest further upside is plausible, particularly if dollar softness persists and sentiment around UK growth stabilizes.
4-Hour GBP/USD
