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GBP/USD: door open for a test of 1.44? – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    According to the research team at UOB Group, the current recovery of GBP/USD could extend towards 1.4400.

    Key Quotes

    “The recent price action is within our expectation wherein we expect the corrective recovery that started late last week to extend further to 1.4400 (after meeting the first level of 1.4230)”.

    “At this stage, a move above 1.4400 is not expected. Overall, only a move back below 1.4050 would indicate that the prevalent upward pressure has eased (1.4130 is already a strong support)”.
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