GBP/USD upside bias above 1.4120 – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The research team at UOB Group sees the pair’s bullish outlook intact above the 1.4120 level.

    Key Quotes

    “As indicated yesterday, as long as 1.4050 is intact, another attempt higher to test the major 1.4400 resistance cannot be ruled out just yet”.

    GBP dipped to a low of 1.4120 yesterday and the up-move from the low appears to be on track for a move to 1.4400”.

    “At this stage, we not expect a sustained move above this level. Overall, the undertone will remain positive unless there is a move back below 1.4120”.
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