GBP/USD Holds Mildly Bullish Bias Near 1.3500 Despite Subdued Momentum
The GBP/USD pair is trading near 1.3490 in early European hours on Thursday, with a mildly bullish bias according to technical analysis.
A weaker US Dollar (USD) has contributed to the pair's gain, but subdued RSI momentum suggests further consolidation cannot be ruled out.
The first upside barrier is seen at 1.3550, while initial support is located at 1.3440.