GBP/USD Faces Resistance at 1.3600 Despite Upward Momentum – UOB Analysis

GBP/USD Stalls Near 1.3600 Despite Upside Bias – UOB Group

Technical Momentum Signals Upside, But Resistance Holds

According to the UOB Group, the GBP/USD pair continues to show signs of marginal upward momentum, but traders should not expect a decisive break above the 1.3600 level just yet. Despite minor gains, the pair faces stiff resistance, particularly near 1.3580 and 1.3600.

Live FX Levels: Monitor GBP/USD in real-time on our Forex Price Dashboard.

Short-Term View: Modest Gains Within Range

On Thursday, GBP/USD traded in a wider-than-expected range between 1.3501 and 1.3580, eventually closing at 1.3556—up 0.27% on the day. UOB analysts note that while an upside bias is present, momentum is insufficient to push through the psychological 1.3600 barrier.

• Immediate resistance: 1.3580
• Key breakout level: 1.3600
• Support zones: 1.3530 and 1.3510

Weekly Outlook: Breakout Depends on Stronger Close

From a 1–3 week perspective, UOB reiterates that a daily close above 1.3600 is required to confirm a sustained bullish reversal. Until then, the pair is likely to hover within a consolidation range, unless price falls below 1.3470, which would invalidate bullish expectations.

Explore More: Dive into our Sterling Technical Forecasts.

What’s Next for GBP/USD?

• A close above 1.3600 could open the door to higher levels
• Failing that, traders may see more range-bound movement
• Keep an eye on US data and UK rate outlook for directional clues