British Pound: Upside fades below 1.3410 against US Dollar - UOB | FXStreet

Analysts at United Overseas Bank (UOB), Quek Ser Leang and Lee Sue Ann, say the GBP/USD pair remains stuck in tight ranges near 1.3455, with slightly more downside momentum in the near term. They expect any intraday pullback to remain within 1.3430–1.3475. Over a 1–3 week horizon, the easing momentum reduces the odds that GBP will soon revisit the previously targeted 1.3555 resistance. A break below 1.3410 would confirm that 1.3555 is unlikely to be tested soon, according to their view. In the 24-hour snapshot, GBP edged up to 1.3486 before closing at 1.3469.