GBP/USD trades near 1.3390 as UOB analysts identify 1.3435 as the primary resistance hurdle and 1.3330 as the critical support floor for the currency pair's near-term outlook.
UOB notes resistance at 1.3435 caps GBP/USD upside, with support at 1.3330 underpinning a constructive bias.
United Overseas Bank strategists report the British Pound is consolidating between 1.3360 and 1.3420 following recent volatility. While the pair maintains a constructive bias, a sustained breakout requires a decisive move above the 1.3435 resistance level.
UOB maintains a constructive bias for the pair, noting that while it faces resistance at 1.3435, it is well-supported at 1.3330.