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GBP/USD neutral near-term – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - In opinion of the research team at UOB Group, GBP/USD remains neutral in the short-term although a test of 1.4565 remains on the cards.

    Key Quotes

    “While we still maintain a neutral outlook for this pair, the corrective rebound is gaining momentum rapidly and the current up-move has scope to extend higher to test the major 1.4565 resistance”.

    “Strong support is at 1.4240 and last Friday’s low of 1.4150 should not be threatened, at least not in the next few days”.
    For more information, read our latest forex news.
     

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