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GBP/USD bullish above 1.4305 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    In view of the research team at UOB Group, the pair’s outlook could turn to bullish above 1.4305.

    Key Quotes

    GBP dropped initially to a low of 1.4053 before staging a remarkable turnaround to close higher at 1.4257 (high of 1.4274)”.

    “Extension higher will not be surprising but 1.4305 is a major resistance and this level would not be easy to break”.

    “However, only a move above 1.4305 would indicate that our view is wrong”.
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