GBP/USD target of 1.42 from UOB.

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UOB turned bearish on GBP/USD with a target of 1.42. If the rate is able to break this support level, it will further decline to 1.4080 areas.

As long as the highs of 1.4450 is unbreakable the analysts believe a rate to drop, even the strong resistance is standing at 1.4350.

The pair was trading at 1.3899 as of 6:04 AM EST today. The rate has dropped about 3.5% this week.

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