GBP/USD: Below 1.3380, GBP is likely to range-trade – UOB Group
By FXStreet Insights Team
Date Published: 21 Jan 2026 | Date Modified: 21 Jan 2026
POPULAR ARTICLES
The near-term bias is tilted to the upside, but Pound Sterling (GBP) may not break above 1.3505, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The near-term bias is tilted to the upside, but Pound Sterling (GBP) may not break above 1.3505, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBP may not break above 1.3505
24-HOUR VIEW: "Yesterday, GBP soared to a high of 1.3491 before pulling back, closing modestly higher by 0.12% at 1.3443. The pullback amid slowing momentum and overbought conditions suggests GBP is unlikely to rise further. Today, we expect GBP to range-trade, most likely between 1.3420 and 1.3470."
1-3 WEEKS VIEW: "Despite advancing at a brisk pace over the past two days, GBP has not gained much momentum. That said, the near-term bias is tilted to the upside toward 1.3505. Based on the current momentum, GBP may not break clearly above this level. On the downside, a breach of 1.3380 could indicate that GBP is likely to range-trade instead of trading with an upward bias."
Acuity Trading is a London-based fintech company founded in 2013 that specializes in AI-powered alternative data and sentiment analysis for trading and investments. They revolutionized the online trading experience by introducing visual news and sentiment tools, and today they continue to lead the fintech market with alpha-generating alternative data and highly engaging trading tools using the latest AI research and technology.
Read More
