GBP/USD Needs Break Above 1.3600 for Sustained Upside – UOB Group

GBP/USD Needs to Break 1.3600 for Bullish Momentum – UOB Group

Pound Sterling Faces Key Resistance at 1.3600

According to UOB Group, the GBP/USD currency pair remains in a short-term consolidation phase, fluctuating between 1.3490 and 1.3555. Despite recent bullish momentum, a daily close above 1.3600 is needed to confirm the next upward leg.

24-Hour View – Range-Bound Price Action Likely to Persist

UOB analysts commented on Tuesday that the GBP spike to 1.3559 was followed by a quick pullback to 1.3493, ending the session near 1.3520. This indicates that price action is likely to stay within the 1.3490–1.3555 range, pending a catalyst.

📝 “Strong upward momentum is present, but a sustained breakout remains dependent on a close above 1.3600,” UOB noted.

Week View – Upside Intact if 1.3470 Support Holds

Over the medium term, the pair is still seen within a broad 1.3400–1.3600 range. The 1.3470 support is now key — if it holds, the probability of a bullish breakout above 1.3600 increases.

“As long as 1.3470 holds, short-term bulls retain the upper hand. A move above 1.3600 would confirm a new bullish phase,” UOB added.

Internal Links:

• Live GBP/USD Chart
• GBP/USD Forecast for June 2025
• Understanding Resistance and Support in Forex