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Figure Heloc 
According to UOB’s Quek Ser Leang, GBP/USD rebounded to 1.3364 and may edge higher toward 1.3410, though a clear break above that level is seen as unlikely given only modest momentum. Intraday, gains are expected to stay below 1.3390, with support at 1.3335 and 1.3320.
💡 DMK Insight
GBP/USD is flirting with resistance at 1.3390, but momentum suggests a struggle ahead. With the pair currently at 1.3364, traders should note that a push above 1.3410 seems unlikely, given the modest momentum highlighted by UOB. This could lead to a range-bound scenario, especially if support levels at 1.3335 and 1.3320 hold firm. If you’re trading this pair, keep an eye on those support levels for potential bounce opportunities. A failure to break above 1.3390 could trigger a pullback, making it essential to monitor for any shifts in sentiment or economic data that might influence the pound’s strength. Also, consider how this might affect correlated assets like EUR/GBP, which could react to the same underlying factors. Look for volatility around key economic releases, as they could provide the catalyst needed to break through these levels, either way.
📮 Takeaway
Watch GBP/USD closely; a failure to break above 1.3390 could lead to a pullback toward support at 1.3335.
