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GBP/USD tilts higher toward 1.3565 but stays capped near 1.3600

UOB expects GBP/USD to trade in a 1.3480 to 1.3600 range, while noting a weaker move if 1.3520 is breached.

Reported · Written up by our desk · Major Pairs

UOB analysts Quek Ser Leang and Lee Sue Ann said GBP/USD edged higher to around 1.3545, with the near-term outlook showing a modest upside tilt toward 1.3565 but without strong momentum building.

In their 1 to 3 week view, they kept a neutral stance, expecting the British pound to oscillate between 1.3480 and 1.3600, and they do not expect the 1.3600 resistance level to be reached.

For the shorter term, they referenced last Friday’s trading range of 1.3482 to 1.3550 and a close around 1.3518, adding that the uptick toward 1.3547 did not meaningfully change momentum.

On the downside, UOB said a breach of 1.3520 would signal the upside bias has faded, with minor support noted around 1.3530.

Latest closeGBP/USD 1.348 ▼0.2%

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