GBP/USD Uptrend Intact: UOB Sees 1.3600 as Key Resistance

United Overseas Bank (UOB) Group's FX strategists continue to see a bullish outlook for the British pound against the US dollar, despite recent fluctuations.

The bank maintains that the pair's uptrend is intact and has room to extend, with the 1.3600 level serving as both a strong resistance and a robust cap in the near term.

UOB notes that the pound's upward momentum remains firm, supported by higher lows on the daily chart, indicating further gains are likely unless key support levels fail.

The bank emphasizes the importance of monitoring both technical levels and macroeconomic data, particularly upcoming UK inflation and employment data, as well as Federal Reserve policy signals.