GBP/USD Gains Capped Below 1.3555, UOB Says
UOB analysts note sterling edged higher to 1.3469 but resistance at 1.3555 holds. The pair is expected to trade a 1.3445–1.3495 range with only slightly firmer momentum.
GBPUSD
Quek Ser Leang and Lee Sue Ann of United Overseas Bank (UOB) report that GBP/USD edged higher to 1.3469 after briefly touching 1.3486.
Short-term momentum is only slightly firmer, and the pair is expected to trade within a higher 1.3445–1.3495 range rather than embark on a strong advance. The broader outlook keeps gains capped below the 1.3555 level.
Source: FXStreet Forex News