GBP/USD holds steady at 1.3395, with UOB analysts projecting a short-term intraday rise and a potential climb toward the 1.3440 resistance level.
UOB strategists Quek Ser Leang and Lee Sue Ann observe that the GBP/USD pair is currently in a consolidation phase near 1.3395 following a period of sharp gains. They anticipate potential for a modest intraday upward movement, projecting the pair to trade within the 1.3370 to 1.3415 range, with further upside potential extending toward 1.3440.
UOB strategists expect the pair to trade within the 1.3370 to 1.3415 range.
Strategists see potential for a rebound toward the 1.3440 level.
The British Pound maintains a bullish outlook against the US Dollar as it consolidates near the 1.3395 level. UOB strategists anticipate a modest intraday range between 1.3370 and 1.3415, with potential for further upside toward 1.3440.
UOB strategists maintain a bullish outlook, noting that the pair is consolidating near 1.3395 with potential for further gains toward 1.3440.