GBP/USD retreats to 1.3213 as UOB strategists signal a shift toward mild bearish momentum, projecting a consolidation phase between 1.3180 and 1.3235 in the near term.
UOB strategists see limited downside near 1.3140 and expect GBP/USD to consolidate in a lower 1.3180-1.3235 range, indicating mild bearish momentum.
The British Pound faces downward pressure after failing to sustain gains above the 1.3286 resistance level. UOB strategists now anticipate a period of consolidation for the pair within a tighter intraday range of 1.3180 to 1.3235.
The outlook is mildly bearish, with the pair expected to consolidate between 1.3180 and 1.3235 after failing to break above 1.3286.