British Pound Price Action Setups: GBP/USD, GBP/JPY

Imported headline
British Pound Price Action Setups: GBP/USD, GBP/JPY

Source
Forexcom - https://www.forex.com/en-us/news-and-analysis/british-pound-price-action-setups-gbp-usd-gbp-jpy-2026-07-16/

Summary
While USD bulls came back to life from mid-April through last month, GBP/USD has held up relatively well. The pair did test a fresh low in late-June but support held at a key Fibonacci level of 1.3143, and that's where the music stopped for sellers and since then a strong bullish reversal has taken over that's seen Cable rip for more than 400 pips into yesterday's fresh monthly high.