GBP/USD Upside Capped Against US Dollar – UOB
UOB analyst Quek Ser Leang notes a slight pickup in GBP/USD upward momentum after trading between 1.3213 and 1.3277. A retest of 1.3275 is possible, but further gains are seen as capped.
GBPUSD
According to UOB's Quek Ser Leang, GBP/USD has shown a mild increase in upward momentum following a narrow trading range of 1.3213 to 1.3277. The pair may retest the 1.3275 level again, but any further advance is expected to be limited.
This suggests that while the short-term bias tilts slightly bullish, the overall upside is constrained against the US Dollar. No specific catalyst or time frame was mentioned in the analysis.
Source: FXStreet Forex News