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fxJun 16, 2026, 8:54 AM

GBP/USD Faces Upside Risks, but Momentum Flattening – UOB

UOB analyst Quek Ser Leang notes that GBP/USD stalled just below key resistance at 1.3465, closing near 1.3410, with intraday momentum indicators turning. The outlook retains upside risks but shows signs of waning bullish momentum.

GBPUSD

According to UOB's Currency Analyst Quek Ser Leang, the British pound's rally against the US dollar has hit a pause. GBP/USD stalled just below the critical resistance level of 1.3465 and settled around 1.3410.

Intraday momentum indicators are now showing signs of flattening, suggesting that while upward risks remain, the pace of gains may slow in the near term. The pair's ability to breach the 1.3465 resistance will be key to determining the next directional move.

Traders are advised to monitor the momentum shift as the pound continues to trade in a relatively narrow range near recent highs.

Source: FXStreet Forex News