UOB analysts forecast a short-term decline for GBP/USD toward 1.3265, noting that the pair remains range-bound between 1.3295 and 1.3350 as long as it stays below the critical 1.3365 resistance threshold.
UOB strategists expect GBP/USD to decline toward 1.3265 over 1-3 weeks as long as it stays below 1.3365 resistance.
UOB strategists maintain a bearish outlook for the British Pound against the US Dollar, projecting a decline toward 1.3265 over the next three weeks. While the pair recently rebounded to 1.3339, analysts suggest that failing to break the 1.3365 resistance level will keep the currency pair under downward pressure.
UOB strategists expect the pair to decline toward 1.3265 over the next 1-3 weeks, provided it remains below the 1.3365 resistance level.