GBP/USD Bearish Bias Lingers, UOB Sees Drop Toward 1.3110
United Overseas Bank maintains a negative 1-3 week view on GBP/USD, with resistance at 1.3245 and a potential drop toward 1.3110.
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United Overseas Bank's Quek Ser Leang notes that GBP/USD continues to lack clear momentum, with intraday action expected between 1.3175 and 1.3225.
The bank maintains a negative 1–3 week outlook, seeing scope for a decline toward 1.3110 as long as strong resistance at 1.3245 holds.
Source: FXStreet Forex News