Trade The World
GBP/USD: Likelihood of a continued decline below 1.3295 is diminishing – UOB Group
Ni FXStreet Insights Team
Petsa ng Pag-publish: 28 Oct 2025 | Petsa ng Pag-edit: 28 Oct 2025
POPULAR ARTICLES
Pound Sterling (GBP) could trade in a range of 1.3320/1.3370. In the longer run, downward momentum is starting to slow, and the likelihood of a continued decline below 1.3295 is diminishing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Pound Sterling (GBP) could trade in a range of 1.3320/1.3370. In the longer run, downward momentum is starting to slow, and the likelihood of a continued decline below 1.3295 is diminishing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Downward momentum is starting to slow
24-HOUR VIEW: "Yesterday, we were of the view that GBP 'could trade in a range between 1.3295 and 1.3360.' GBP subsequently traded in a range of 1.3311/1.3353, closing slightly higher at 1.3335 (+0.12%). We continue to expect GBP to trade in a range, but the firmer underlying tone suggests it is likely to trade in a higher range of 1.3320/1.3370."
1-3 WEEKS VIEW: "In our most recent narrative from last Friday (24 Oct, spot at 1.3325), we pointed out that “for a continued decline, GBP must first close below 1.3295.” Our condition was not met as GBP traded in a range over the past couple of days. Downward momentum is starting to fade, and the likelihood of a continued decline is diminishing. From here, a breach of 1.3385 (no change in ‘strong resistance’ level) would indicate that GBP has likely moved into a range-trading phase."
FXStreet
Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
Read More
