The Pound Sterling (GBP) is currently expected to trade within a defined range of 1.3290 to 1.3350 against the US Dollar (USD). Analysts from UOB Group, Quek Ser Leang and Peter Chia, emphasize that if the exchange rate breaks below the critical level of 1.3265, it would signal the end of the recent upward movement observed since late last month.
This potential bearish shift in GBP could impact trading strategies and market sentiment, as a decline below 1.3265 would indicate weakened bullish momentum. Traders should monitor this key technical level closely, as it may influence the broader market outlook for the GBP/USD currency pair in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2025-12-09 09:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.