GBP/USD stalls below 1.36 ahead of NFP and UK data this week
Technical Analysis In the fifteen-minute chart, GBP/USD trades at 1.3594, holding a modest bullish intraday bias as it remains above the daily open at 1.3567. The move away from the opening level suggests dip-buying interest on minor pullbacks, while the Stochastic RSI around 73 hints that upside momentum is positive but edging toward short-term overbought conditions, which could slow the pace of further gains. On the downside, initial support is located at the days open near 1.3567, where buyers would be expected to re-emerge on a shallow correction to preserve the constructive tone. As long as the pair defends this floor on closing basis, intraday risks are likely to stay skewed to the upside, even if stretched momentum readings trigger brief consolidations or minor reversals. In the daily chart, GBP/USD trades at 1.3594. The pair holds a constructive near-term bias as price extends above the 50-day Exponential Moving Average (EMA) at 1.3465, indicating that the broader pullback has given way to renewed demand on dips. However, the Stochastic RSI has eased back toward mid-range around 48, hinting that upside momentum is moderating after the recent advance, which could encourage consolidation rather than an immediate directional push. On the downside, initial support is aligned with