Created
: 2025.02.24
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
GBP/USD: Likely to trade in a range between 1.2625 and 1.2680 - UOB Group
World FX news
Breaking news
GBP/USD: Likely to trade in a range between 1.2625 and 1.2680 - UOB Group
New
2025.02.24 19:00
2025.02.24 19:00
2025.02.24 19:00
Pound Sterling (GBP) is likely to trade in a range between 1.2625 and 1.2680. In the longer run, boost in momentum indicates further GBP strength to 1.2730, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Boost in momentum indicates further GBP strength
24-HOUR VIEW: "Last Thursday, GBP soared and rose to a high of 1.2671. On Friday, we indicated that 'although the rapid rise is deeply overbought, the current impulsive momentum could continue to push GBP higher.' Our expectation did not materialise as GBP eased off to close at 1.2636 (-0.25%). We view the current price movements as part of a range trading phase, probably between 1.2625 and 1.2680."
1-3 WEEKS VIEW: "We continue to hold the same view as last Friday (21 Feb, spot at 1.2670). As highlighted, following the sharp rise last Thursday, 'the boost in momentum indicates further GBP strength to 1.2730.' On the downside, a breach of 1.2580 (no change in 'strong support' level from last Friday) would mean that the GBP strength from the middle of the month (as annotated in the chart below) has ended."
Last updated
: 2025.02.24
Related articles
US Dollar in whipsaw move as traders assess German election results
18 minutes agoAUD/USD falls back from 0.6400 as US Dollar bounces back
32 minutes agoCAD loses ground on the crosses - Scotiabank
34 minutes agoUSD/CAD: USD-bearish technical signals show up on charts - Scotiabank
41 minutes agoEUR firms briefly on German election - Scotiabank
43 minutes agoUSD is trading steady on the day - Scotiabank
46 minutes ago
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
US Dollar in whipsaw move as traders assess German election results
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, recovers the nearly 0.50% loss it incurred in the opening hours in the Asian markets and trades flat near 106.60 at the time of writing on Monday.
New
2025.02.24 21:35AUD/USD falls back from 0.6400 as US Dollar bounces back
The AUD/USD pair pares gains after rising to near 0.6400 in late European trading hours on Monday.
New
2025.02.24 21:22CAD loses ground on the crosses - Scotiabank
BoC Governor Macklem said Friday the economy was on a 'better footing' on the back of a pickup in consumer demand but noted again that the consequences of a trade war with the US would be 'severe' and the threat of tariffs was already doing economic harm, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.02.24 21:20USD/CAD: USD-bearish technical signals show up on charts - Scotiabank
USD-bearish technical signals noted recently ('engulfing' patterns on the daily and weekly charts and a key reversal week on the 'regular' charts) remain the salient features of USD/CAD's technical picture, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.02.24 21:13EUR firms briefly on German election - Scotiabank
The German federal election result yielded the expected shift to the right--a win for the conservative CDU/CSU and gains for the far-right AfD, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.02.24 21:10USD is trading steady on the day - Scotiabank
The US Dollar (USD) is little changed in quiet trade. Overnight price action saw the Euro (EUR) advance in response to the anticipated win for the center-right in Germany's federal election but the result was largely as expected, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.02.24 21:08USD/CNH: To trade in a sideways range between 7.2350 and 7.2650 - UOB Group
US Dollar (USD) is expected to trade in a sideways range between 7.2350 and 7.2650 vs Chinese Yuan (CNH).
New
2025.02.24 20:43EUR/GBP hovers around the 0.8300 mark - Danske Bank
EUR/GBP continues to hover around the 0.8300 mark with an empty domestic macro calendar for the week ahead, Danske Bank's FX analyst Jens Nærvig Pedersen reports.
New
2025.02.24 20:38USD/JPY: To retest the 148.90 level - UOB Group
Room for US Dollar (USD) to retest the 148.90 level vs Japanese Yen (JPY) before stabilisation is likely; significant support at 148.63 is unlikely to come into view.
New
2025.02.24 20:28Gold has wild ride with US Dollar pressured by German election outcome
Gold's price (XAU/USD) edges higher and trades near $2,945 at the time of writing on Monday due to a weaker US Dollar (USD) as a reaction to the recent German federal election outcome.
New
2025.02.24 20:14Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
