In view of the research team at UOB Group, GBP/USD remains poised for a potential test of 1.4230. Key Quotes “The break above 1.4020 indicates that the 2-week bearish phase has ended”. “The current movement is viewed as a corrective rebound which has scope to extend higher to 1.4230”. “Strong support is at 1.3985 and only a clear break below the recent low of 1.3835 would indicate the resumption of the bearish phase”. For more information, read our latest forex news.