GBP/USD Stays Boxed In as the Dollar Index Hits 2026 Highs

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. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_razan_hilal&utm_content=share 00:00 - Pound Shrugs Off Dollar Highs 00:27 - Pound's Weekly Range Tightens 01:14 - GBP/USD Oversold RSI Turns Up 01:46 - GBP/USD Fibonacci Upside Map 02:36 - Breakdown Risk Below Support 03:01 - Deeper Lows or Another Rebound Like and subscribe for more financial market insights. #GBPUSD #StoneX #RazanHilal #Forex --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social