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GBP/USD dips could find support near 1.5421 – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - FX Strategist at OCBC Bank Emmanuel Ng sees pullbacks in the pair to remain contained near 1.5421.

    Key Quotes

    GBP-USD ended flat on the day and investors may continue to accumulate on dips in the current dollar environment”.

    “The UK data feed today is sparse except for an appearance by the BOE’s Forbes (1030 GMT) and markets would have to look towards external cues instead”.

    “In the interim, support is seen at the 55-day MA (1.5421) while a sustained break above 1.5490 may pave the way to 1.5540”.
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