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GBP/USD within 1.4350 and 1.4650 short term – UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The research team at UOB Group expects the pair to remain in a rangebound fashion in the next 1-3 weeks.

    Key Quotes

    GBP retested the 1.4565/70 resistance but dropped quickly from the high of 1.4571. The recent choppy movement has resulted in a mixed outlook and further sideway trading is likely for today”.

    “There is not much to add as GBP continues to trade choppily within a confined range. We remain neutral and expect this pair to trade in a broad 1.4350/1.4650 for another week or so”.
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