Bearish
GBP/USD remains under downside pressure, trading near 1.3483.
GBP/USD continues to face downward pressure, with the pair trading near 1.3483. UOB strategists note that the 1.3480-1.3495 area is a key support zone; a decisive break below this level could open further downside potential. The overall weak pattern has yet to reverse, indicating cautious market sentiment.
Key points
- GBP/USD trading near 1.3483, indicating continued downside pressure.
- UOB strategists expect short-term consolidation between 1.3485 and 1.3540.
- Key support at 1.3480-1.3495 under test; potential for further downside if broken.
- Market awaiting new catalysts to clarify direction amid current weak pattern.
Sources
AI-generated from public news sources. Not financial advice.
