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

    Oct 7, 2015
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    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”.
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