FXStreet (Edinburgh) - In opinion of the research team at UOB Group, the pair could see its upside renewed towards levels above the 119.00 handle in the near-term. Key Quotes “The clear break above 118.40 was unexpected and suggests that the current USD strength could extend higher in the coming days”. “That said, shorter-term indicators are overbought and any further up-move will likely be at a slower pace. For now, the target is set at 119.70 with a stop-loss at 117.50”. For more information, read our latest forex news.