GBP/USD bullish upside 1.4050 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 10, 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 keeps its upside bias above the 1.4050 level in the near term.

    Key Quotes

    “While the short-term upward momentum has clearly eased, it is too early to expect a mid-term top”.

    “The current movement is likely part of a consolidation phase and as long as 1.4050 is intact, another attempt to move higher to test the major 1.4400 resistance cannot be ruled out just yet”.
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