8 Jul GBPUSD outlook: Potential reversal seenBritish Pound / U.S. DollarFOREXCOM:GBPUSDChartingGenieGBPUSD is testing the resistance at 1.33906 with a series of broader lower swings suggesting the downtrend persists. If GBPUSD remains below 1.33906, a decline toward the support at 1.31403 may occur. Conversely, breaking above 1.33906 and the supply zone may prompt an advance to the following resistance at 1.35094. The pound-dollar slipped amid a stronger US dollar and cautious BoE expectations. The BoE warned that growing AI-related financial stability risks, elevated equity valuations, leverage, and cyber threats could amplify market volatility. Evolving BoE expectations, domestic political developments, and renewed Middle East tensions may keep the pound-dollar volatile in the near term. By Li Xing Gan, Financial Markets Strategist Consultant to Exness