GBP/USD faces limited upside potential as UOB analysts forecast a constrained intraday trading range between 1.3215 and 1.3265 following a failed recovery attempt.
UOB strategist notes GBP/USD rebound capped at 1.3238 with downside bias lingering, expecting limited intraday range.
The British Pound struggles to maintain momentum against the US Dollar, with UOB strategists identifying a firm cap at 1.3238. Market participants expect the pair to consolidate within a narrow 1.3215 to 1.3265 range as downside pressure persists.
The outlook remains bearish with a downside bias, as the pair struggles to break above the 1.3238 resistance level.