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GBP/USD: 1.51 to come under pressure - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at UOB Group explained that GBP/USD is destined to a test of the 1.51 handle while below key resistances.

    Key Quotes:

    "There is no change to the current bearish GBP view, the short term consolidation over the past few trading days has led to a quick loss in downward momentum.

    However, only a break above the stop-loss at 1.5320 would indicate that a short-term low is in place. Otherwise, a move to 1.5090 cannot be ruled out just yet."
    For more information, read our latest forex news.
     

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