GBP/USD remains under pressure as UOB strategists signal a bearish near-term outlook, targeting a move toward 1.3140 after the pair failed to gain momentum near 1.3225.
UOB strategists Quek Ser Leang and Lee Sue Ann maintain a bearish outlook for the pair, identifying a downside bias toward the 1.3140 level. The pair's recent sideways movement and lack of intraday momentum suggest that the currency is currently consolidating within a range, reinforcing the potential for further downward pressure.
UOB strategists have identified a downside bias toward the 1.3140 level.
The pair traded sideways and closed slightly lower near 1.3225.
United Overseas Bank strategists maintain a bearish outlook for the British Pound against the US Dollar following a period of stagnant price action. Analysts Quek Ser Leang and Lee Sue Ann anticipate the pair will continue trading within a narrow range, with a technical bias toward the 1.3140 level in the near term.
UOB strategists maintain a bearish outlook, expecting the pair to test the 1.3140 support level as it struggles to establish clear momentum.