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fxAug 6, 2026, 7:40 AM

GBP/USD gathers strength for VCP breakout

GBP/USD is trading slightly lower near 1.3460, but a volatility contraction pattern on the charts suggests the pair may be coiling for a directional move.

GBPUSD

GBP/USD is changing hands around 1.3460 during European hours, down marginally on the session.

The price structure shows a volatility contraction pattern (VCP), which often precedes a breakout as price ranges narrow and momentum builds.

Traders will be watching for a decisive move outside the contracting range to confirm direction.

Source: FXStreet Forex News