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GBP/USD keeps its neutral stance – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - The research team at UOB Group has reiterated the neutral perspective on GBP/USD in the near term.

    Key Quotes

    “There is no change to the current neutral view”.

    “The current movement is viewed as a corrective recovery which appears to have scope to extend higher to 1.4450 (a break above this level is not expected)”.

    “Strong support is at 1.4150 and the recent low of 1.4080 is acting as a very strong support now”.
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