GBP/USD: 1.3000 seems out of reach for now – UOB Group
There has been no further increase in momentum; a breach of 1.3125 would suggest that 1.3000 is out of reach, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
GBP can break above of 1.3125
24-HOUR VIEW: “Yesterday, we expected GBP to trade in a sideways range of 1.3035/1.3085. GBP subsequently dipped to 1.3038, rebounded to 1.3103 before closing slightly higher at 1.3074 ( 0.10%). There has been no increase in either downward or upward momentum, and we continue to expect GBP to trade sideways. Expected range for today: 1.3040/1.3105.”
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.