GBP/USD Stalls at 1.3390 Resistance - What Next?British Pound / U.S. DollarFOREXCOM:GBPUSDFOREXcomGBP/USD is trading around 1.3528, consolidating within a clear range defined by resistance at 1.3589 and support at 1.3365. The pair has been oscillating inside this zone, with no decisive breakout yet. Key technical observations: Support and Resistance: The lower boundary at 1.3365 has acted as a strong demand zone, while repeated tests of 1.3589 highlight firm resistance. Until either level is breached, the pair remains range-bound. Moving Averages: Price is hovering above both the 50-SMA (1.3489) and the 200-SMA (1.3442), suggesting underlying bullish bias, though momentum is subdued. Momentum Indicators: RSI is steady at 53, reflecting balanced momentum. The MACD is slightly positive but flattening, in line with consolidation. Overall, GBP/USD is in a sideways phase with a bullish tilt as long as it holds above the 200-SMA. A break above 1.3589 would confirm upside continuation, while a drop below 1.3365 would expose the downside. -MW