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GBP/USD gains limited at 1.5340 – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - In the opinion of Emmanuel Ng, FX Strategist at OCBC Bank, occasional bullish attempts in the pair could struggle around 1.5340.

    Key Quotes

    “On the topside, we look for the 55-day MA (1.5314) and the 200-day MA (1.5342) to impede, especially with October retail sales and November CBI data points on the wrong side of expectations”.

    “The pair may continue to be top heavy if hawkish BOE expectations continue to be moderated”.
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