GBP/USD: Likely to trade between 1.3430 and 1.3490 – UOB Group
GBP is likely to trade sideways between 1.3430 and 1.3490. In the longer run, momentum indicators are mostly flat; GBP is likely to trade in a range between 1.3400 and 1.3535, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

GBP is likely to trade sideways between 1.3430 and 1.3490. In the longer run, momentum indicators are mostly flat; GBP is likely to trade in a range between 1.3400 and 1.3535, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Momentum indicators are mostly flat

24-HOUR VIEW: "GBP swung between 1.3435 and 1.3502 last Friday, closing modestly lower at 1.3462, down by 0.10%. There has been no clear shift in directional momentum. Today, we expect GBP to trade sideways, most likely between 1.3430 and 1.3490."

1-3 WEEKS VIEW: "While GBP rose to a high of 1.3533 late last month, it eased quickly from the high. Momentum indicators are mostly flat, and GBP is likely to trade in a range for now, most likely between 1.3400 and 1.3535."

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Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

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