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GBP/USD bearish near-term – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The research team at UOB Group has shifted its outlook on the pair to bearish.

    Key Quotes

    “We turned bearish GBP yesterday and there is no change to the view”.

    “The immediate target is at 1.4200 (with a reasonable high chance for a retest of the recent low at 1.4080) and stop-loss is at 1.4450”.
    For more information, read our latest forex news.

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