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GBP/USD remains bearish near term – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In opinion of the research team at UOB Group, GBP/USD’s outlook still points to further downside in the short-term.

    Key Quotes

    “Despite the strong short-term rebound, there is no change to the bearish view”.

    “We believe the current movement is a short-term consolidation that should lead to an eventual move lower to 1.4200. Stop-loss remains unchanged at 1.4450”.
    For more information, read our latest forex news.
     

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