GBPUSD MARKET UPDATE:GBPUSD now appears within a consolidative phase – UOB.

0
206
GBPUSD MARKET UPDATE.

GBPUSD MARKET UPDATE

GBPUSD MARKET UPDATE:

In the opinion of FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang, GBPUSD is now expected to navigate within the 1.1465-1.1700 range for the time being.

GBPUSD MARKET UPDATE :24-hour view: “We highlighted yesterday that ‘the rapid build-up in momentum is likely to lead to further advance in GBP’. However, we were of the view that ‘a sustained rise above 1.1605 is unlikely’. Our view was not wrong as GBP subsequently rose to 1.1609 before dropping back down to end the day little changed at 1.1517 (-0.05%). Downward momentum has improved a tad and GBP could edge lower but a sustained decline below 1.1465 is unlikely (next support is at 1.1415). On the upside, a breach of 1.1560 (minor resistance is at 1.1530) would indicate that the current mild downward pressure has eased.”Confuse Which Broker is best ? , Here you can find the best regulated broker

LEAVE A REPLY

Please rate*
Please enter your comment!
Please enter your name here