GBP/USD needs to close above 1.4680 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    In view of the research team at UOB Group, GBP/USD needs to close above 1.4680 in order to shift to a bullish outlook.

    Key Quotes

    “There is no change to our view wherein only a daily closing above the major 1.4680 resistance would indicate the start of a sustained up-move in GBP”.

    “In the meanwhile, the undertone still appears to be slightly positive as long as the strong support at 1.4490 continues to hold”.
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