GBP/USD Range-Bound Ahead of Key Data Releases
The GBP/USD pair is trading in a tight range below 1.3500s during the Asian session on Tuesday, unable to extend its modest advance from the prior session.
Selling pressure on the US Dollar persists due to a stronger Japanese Yen (JPY), which is lending underlying support to GBP/USD and helping to steady the pair.
The technical picture remains mildly bullish, with spot holding above the 200-period Simple Moving Average (SMA) and key Fibonacci support at 1.3471.