GBP/USD further gains expected above 1.4455/60 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at UOB Group see the pair gathering further upside traction on a close above the 1.4455/60 band.

    Key Quotes

    “We have held a neutral view on GBP for close to a month now and since then this pair has traded choppily within a broad 1.4000/1.4455 range”.

    “Upward momentum is improving rapidly and a daily closing above the late March high of 1.4455/60 would indicate that GBP is ready to move higher in the coming weeks”.

    “In the meanwhile, this pair is expected to remain underpinned unless there is move back below 1.4240 within these couple of days (1.4300 is already a strong short-term support)”.
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