GBP/USD stabilizes near 1.3300, looks to post strong weekly gains. GBP/USD trades modestly higher on the day near 1.3300, supported by the upbeat UK Retail Sales data for August. The pair remains on track to end the week, which featured Fed and BoE policy decisions, with strong gains. The Relative Strength Index (RSI) indicator on the 4-hour chart rises toward 80, reflecting overbought conditions for GBP/USD. On the upside, 1.3350 (upper limit of the ascending regression channel) aligns as next resistance before 1.3400 (psychological level, static level). In case GBP/USD retreats below 1.3300 (mid-point of the ascending channel) and starts using this level as resistance, an extended correction toward 1.3230 (lower limit of the ascending channel) could be seen.