The British Pound maintains bullish momentum against the US Dollar with analysts at United Overseas Bank projecting continued upside potential over the next one to three weeks. Currency strategists Quek Ser Leang and Lee Sue Ann identify 1.3605 as the critical support level that must hold for the pair to target 1.3700. The assessment comes as GBP/USD continues to show resilience in current trading conditions.
For forex traders and brokers, the 1.3605 threshold represents a key technical floor to monitor. A sustained break below this level would invalidate the bullish scenario and could trigger stop-loss orders, potentially accelerating downside momentum. Conversely, a push toward the 1.3700 target would represent approximately 95 pips of potential gains from the support level, offering clear risk-reward parameters for position management.
The timeframe of one to three weeks provides tactical traders with a defined window for capitalizing on Sterling strength while managing exposure to the Dollar.
FXnCO Insight
Set alerts at 1.3605 support—a breach invalidates the bullish setup while holding opens a structured path toward 1.3700 within three weeks.
Source: FXStreet