You are attempting to access a website operated by an entity not regulated in the EU. Products and services on this website do not comply with EU laws or ESMA investor-protection standards.
As an EU resident, you cannot proceed to the offshore website.
Please continue on the EU-regulated website to ensure full regulatory protection.
Kamis Aug 21 2025 09:30
2 min
The GBP/USD pair remains under pressure, with technical indicators suggesting a continued struggle for upward momentum. UOB Group's FX analysts, Quek Ser Leang and Peter Chia, provide insights into the current market dynamics, highlighting persistent downside risks and a potential trading range.
According to their 24-hour analysis, GBP experienced a dip to 1.3448 before closing at 1.3459 (-0.24%). While the downward momentum hasn't accelerated significantly, the analysts emphasize that price action remains soft, and the risk remains skewed to the downside. However, they believe the major support level at 1.3415 is unlikely to be tested in the immediate future. Resistance is noted at 1.3480, with a break above 1.3505 suggesting a potential halt to further declines.
Looking at the 1-3 week timeframe, UOB Group maintains a neutral stance on the GBP, anticipating a trading range between 1.3415 and 1.3585. Despite recent dips in the GBP, the analysts haven't observed sufficient momentum to indicate a sustained downward trend. This suggests a period of consolidation as the market seeks direction.
Several factors can influence the GBP/USD exchange rate, including:
Given UOB Group's technical analysis, traders should exercise caution and closely monitor key support and resistance levels. It may be prudent to await confirmation of a clear trend before making significant trading decisions. Furthermore, traders should remain aware of the economic and political factors that could impact the GBP/USD pair.
Economic indicators are crucial for understanding the overall health of an economy. They provide insights into various aspects, such as growth, inflation, and employment. Central banks and investors use these indicators to make informed decisions about monetary policy and investment strategies. Keeping track of these indicators helps in assessing the potential direction of currency movements like GBP/USD.
Risk Warning and Disclaimer: This article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform. Trading Contracts for Difference (CFDs) involves high leverage and significant risks. Before making any trading decisions, we recommend consulting a professional financial advisor to assess your financial situation and risk tolerance. Any trading decisions based on this article are at your own risk.
Terkini
Lihat semuaSabtu, 18 Oktober 2025
5 min
Sabtu, 18 Oktober 2025
5 min
Sabtu, 18 Oktober 2025
3 min
ID
