GBP/USD consolidative in the short-term – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    In opinion of the research team at UOB Group, the pair remains biased towards a sideline pattern in the next weeks.

    Key Quotes

    “While the undertone for this pair appears to be positive, any up-move is not expected to move significantly higher above the 1.4575 peak seen yesterday”.

    “On the downside, only a move back below 1.4450 would indicate that a short-term top is in place”.

    “There is no change to our neutral outlook for now. We continue to expect GBP to trade in a broad range, likely between 1.4350 and 1.4650 in the coming days”.
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