GBP/USD back to rangebound – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at UOB Group now expect GBP/USD to trade in a consolidative fashion after failing to clinch 1.4380.

    Key Quotes

    “The pull-back from the 1.4348 high 2 days ago has been more rapid than expected and the odds for our expectation for a stronger rebound to 1.4380 have diminished”.

    “From here, a move below 1.4105 would indicate that GBP has moved into a consolidation range, likely between 1.4050 and 1.4350”.
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