UOB analysts expect GBP/USD to trade within a 1.3400-1.3460 range after recent volatility failed to sustain momentum.
GBP/USD is consolidating after an intraday spike and sharp drop, with UOB analysts forecasting a short-term range of 1.3400 to 1.3460. The pair briefly rose to 1.3481 before retreating to 1.3414, but downward momentum remains limited.
The broader outlook suggests a 1.3385–1.3495 range over the coming weeks, as upward momentum has faded. Key support levels are identified at 1.3210 and 1.3160, though current indicators show no clear directional bias.
Price action deviated from UOB’s earlier expectation of a 1.3420-1.3475 range, signaling a shift toward neutral consolidation.