GBP/USD trades with a bearish bias following a breach of 1.3340 support, with UOB analysts forecasting a constrained trading range between 1.3315 and 1.3365 in the near term.
UOB reports GBP/USD broke below prior support at 1.3340, with modest downside momentum expected to keep price action confined between 1.3315 and 1.3365.
The British Pound faces short-term downward pressure after breaking through the 1.3340 support level against the US Dollar. Analysts at United Overseas Bank anticipate the pair will remain range-bound between 1.3315 and 1.3365 as intraday momentum remains modest.
The pair is currently bearish after breaking below 1.3340, with expectations for price action to remain constrained between 1.3315 and 1.3365.