1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

GBP/USD: door open for a test of 1.5250 – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Edinburgh) - In the opinion of FX Strategist at OCBC Bank Emmanuel Ng, the pair risks a test to the mid-1.5200s ahead of the 1.5200 handle.

    Key Quotes

    “The pound also succumbed to weaker than expected 3Q GDP numbers (+2.3% yoy) on Tuesday and markets may continue to fade intra-day upticks ahead of the FOMC”.

    “A violation of 1.5300 on the downside we think risks further slippage towards 1.5250 before 1.5200”.
    For more information, read our latest forex news.
     

Share This Page