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GBP/USD slips as trading shifts to a tight range
Analysts at UOB expect intraday movement around 1.3420 to 1.3475, with longer-term supports cited near 1.3210 and 1.3160.
GBP/USD is slipping but is not showing strong downside momentum, according to a UOB view relayed by FXStreet’s coverage of the bank’s analyst notes.
The pair is expected to trade within an intraday range of 1.3420 to 1.3475 after earlier bullish expectations faded when GBP broke below 1.3450 support.
FXStreet also highlights that GBP is now seen in a wider 1.3385 to 1.3495 range, with broader supports identified at 1.3210 and 1.3160 over the next one to three months.
Latest closeGBP/USD 1.348 ▼0.5%
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