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GBP/USD attention turns to 1.4100 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - The research team at UOB Group suggested that the pair could visit the 1.4100 neighbourhood in a not-so-distant future.

    Key Quotes

    “We have seen a low of 1.4130 so far and from here, the focus is firmly on 1.4100”.

    “Below this support, the most obvious support will be at 1.4000 but we are seeing a very strong support further down at 1.3960”.

    “Overall, there is no sign that the current down-trend is going to end any time soon”.
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