UOB analysts forecast GBP/USD consolidation between 1.3425 and 1.3470, with residual upside potential toward 1.3555.
GBP/USD traded in a narrow 1.3423–1.3456 range after retreating from a recent high of 1.3506. Analysts expect near-term consolidation between 1.3425 and 1.3470, citing subdued momentum following the pullback.
The pair previously spiked to 1.3506 before losing steam, with support holding at 1.3385. Over a 1–3 week horizon, a move toward 1.3555 remains possible but not assured, while the broader 1–3 month outlook points to range-bound trading between 1.3210 and 1.3655.
Price action has lacked clear directional momentum, reinforcing expectations for continued range trading in the near term.