The GBP/USD currency pair is expected to range-trade between 1.3400 and 1.3460, according to UOB Group's FX analysts, Quek Ser Leang and Lee Sue Ann. Currently, the exchange rate is showing a near-term bullish bias, though analysts believe significant resistance lies at 1.3505, which may hinder any upward momentum in the short term.
As traders monitor market movements, the implications of this range-bound trading could impact strategies for those looking to capitalize on fluctuations within this defined range. With the focus on the pound's performance against the US dollar, participants in the forex market should remain vigilant for any economic indicators that could influence this currency pair's trajectory.
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Data Source: FX Killer Analysis Team Updated: 2026-01-22 10:27
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.