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fxJul 16, 2026, 7:42 AM

GBP/USD Resumes Rally Toward Key Resistance at 1.3560 – UOB

United Overseas Bank analysts note GBP/USD has surged to a two-month high, with deeply overbought conditions but scope for further gains. Intraday upside seen limited to a test of 1.3560 while holding above support.

GBPUSD

The British pound has resumed its rally against the US dollar, advancing to a two-month high according to United Overseas Bank (UOB). Analysts Quek Ser Leang and Lee Sue Ann highlight that although the pair is deeply overbought, there remains scope for additional gains.

Intraday momentum is expected to target the key resistance level at 1.3560, with prices holding above underlying support. The analysts caution that the overbought reading could lead to a brief consolidation, but the overall trend favors further upside in the near term.

Source: FXStreet Forex News