GBP/USD Shifts Into Broader Range After Breaking Support – UOB
UOB reports GBP/USD has moved into a broader trading range of 1.3385–1.3495 after breaking below the 1.3450 support, with near-term intraday levels seen between 1.3420 and 1.3475.
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United Overseas Bank's strategist Quek Ser Leang notes that GBP/USD has slipped but lacks strong downside momentum. The break of the 1.3450 support has caused the prior bullish view to fade.
Intraday trading is expected between 1.3420 and 1.3475, with the broader picture suggesting a range of 1.3385–1.3495 for the pair.
Source: FXStreet Forex News