GBP/USD slid below session highs following the latest U.S. CPI release. Many traders expected even lower inflation figures than analysts projected.
If GBP/USD dips below the 1.3500 level, it is likely to focus on the support zone at 1.3465 – 1.3480. A further move under 1.3465 could bring the pair back toward the 1.3335 – 1.3350 support range.
Conversely, for a bullish outlook, GBP/USD would need to settle above the 1.3550 – 1.3565 resistance to create potential upside momentum in the near term.
