GBP/USD Upside Capped Near 1.3555 as Overbought Conditions Weigh
UOB analysts note that GBP/USD extended its rally but overbought signals suggest intraday moves will be limited to a 1.3490–1.3535 range.
GBPUSD
The British pound rallied against the US dollar last week, but further gains appear limited for now.
Analysts at United Overseas Bank (Quek Ser Leang and Lee Sue Ann) point to overbought conditions on short-term charts, expecting the pair to trade within a tight band. They see intraday resistance near 1.3555 and support at 1.3490.
A clear break above 1.3535 would shift the near‑term bias higher, but for today the risk of a deeper pullback remains contained.
- Intraday range: 1.3490 – 1.3535
- Key resistance: 1.3555
Source: FXStreet Forex News