UOB analysts revise their outlook as Sterling’s rally invalidates prior neutral stance, targeting 1.3600 resistance.
The British Pound surged past 1.3555 against the US Dollar, closing at 1.3532 and invalidating UOB’s recent neutral call. Analysts now expect intraday gains toward 1.3570, with 1.3600 as firm resistance.
Earlier forecasts had anticipated GBP/USD trading between 1.3440 and 1.3540, but the pair broke higher, signaling renewed upward momentum. Support levels are now at 1.3510, with minor backing at 1.3525.
Over the next 1-3 weeks, the bias remains bullish while GBP holds above 1.3495, though further gains may stall near 1.3600.