GBP/USD technical analysis shows the British pound holding a sideways range since November 2025 as the U.S. dollar index hits fresh 2026 highs.
Razan Hilal, StoneX Media Market Analyst, walks through the weekly and daily GBP/USD charts and the scenarios a range exit opens. Daily RSI readings on GBP/USD and EUR/USD are rebounding from oversold levels last seen in November 2025 and 2015 respectively, as the U.S. dollar index sits at overbought daily conditions last seen in 2023.
Fibonacci extensions map staged resistance up to the top of the British pound's consolidation, while a sustained breakdown below support opens a path toward the November 2025 lows.
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