GBP/USD gains limited around 1.6115/20 – UOB Group

FXStreet (Edinburgh) - Analysts at UOB Group see the upside in GBP/USD to struggle in the 16115/20 band.

Key Quotes

“Despite the strong rebound, GBP does not appear to have enough momentum to extend beyond the strong resistant at 1.6115/20”.

“However, 1.6000 is a strong intra-day support and any pull-back is expected to stay above this level for now”.