GBP/USD Momentum Slows, Traders Watch Key Resistance at 1.2810
The Pound Sterling (GBP) might show slight improvements as market momentum appears to slow. Currently, analysts note that any upward movement is unlikely to break through the 1.2810 resistance level. The longer-term outlook suggests that unless GBP breaks and maintains above this threshold, chances for an increase to 1.2850 diminish rapidly. This analysis from UOB Group offers a cautious perspective on upcoming movements in the GBP/USD pair.
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