Bullish targets on GBP/USD from UOB.

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Analysts at UOB think that GBP/USD will gain further in the days ahead, although the rate seem to be overbought after a massive rally from 1.4053 lows last week. A move above 1.4570 resistance level will lead the rate towards the high of 1.4672. Generally, GBP is expected to remain strong as long as the support level of 1.4350 has not been broken.

As of 4:50 PM EDT the pair was trading at 1.4377, which is 0.59% below the previous close.

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