GBP/USD Technical Analysis: Insights from Banks on Price Range and Future Strength

Monday, 30 September 2024, 03:22

GBP/USD is projected to trade within a range of 1.3340 and 1.3420. For potential long-term strength, the GBP must break and maintain levels above 1.3455, according to banks. This analysis provides crucial insights for traders.
Fxstreet
GBP/USD Technical Analysis: Insights from Banks on Price Range and Future Strength

GBP/USD is anticipated to trade in a tight range of 1.3340 to 1.3420. The ability of the Pound to strengthen will hinge on its capability to breach and sustain levels above 1.3455.

UOB Group FX analysts Quek Ser Leang and Lee Sue Ann provided this insight, highlighting the significance of these technical levels.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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