Sterling continues to outperform major peers as UOB analysts project further upside for GBP/USD, supported by revised technical levels despite short-term overbought signals.
UOB strategists Quek Ser Leang and Lee Sue Ann maintain a bullish outlook for GBP/USD, noting that the pair has outperformed other major currencies. While they acknowledge that short-term technical indicators are currently overbought, they anticipate further upside potential over a 1–3 week horizon, provided the pair remains above newly established support levels.
UOB strategists maintain a bullish 1–3 week view, expecting further gains despite current overbought conditions.
The bullish outlook would be invalidated if the pair breaks below its revised strong support levels.
UOB strategists Quek Ser Leang and Lee Sue Ann maintain a bullish outlook for GBP/USD despite current overbought technical conditions. While the pair is expected to consolidate in the immediate term, the 1-3 week forecast points toward higher resistance levels.
UOB strategists maintain a bullish stance for the 1-3 week timeframe, anticipating further gains despite current overbought conditions.