GBP/USD Trades Sideways as Investors Await Catalysts from US Data
• GBP/USD stuck in Wednesday's opening range near 1.2790 despite some UK data sparks • Investors awaiting spark from upcoming US retail sales, PPI figures on Wednesday • GBP/USD faces technical resistance at the 1.2800 handle and support around 1.2750 • Daily candles show GBP/USD failed to break 6-day bull run, now facing heavy supply zone • GBP/USD directionless in medium-term, consolidating under 200-day SMA around 1.2590