GBP/USD: Downside pressure improved – UOB By pabspiovano GBPUSD Currencies Majors Banks
could now grind lower and revisit the 1.2040 region in the next weeks, suggested FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang.24-hour view: “We highlighted yesterday that the ‘the rapid decline in GBP appears to have room to break the major support at 1.2165’. We added, ‘oversold conditions suggest that the next support at 1.2120 is unlikely to come into the picture’.
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