GBP/USD now looks at 1.2540 – UOB – by pabspiovano GBPUSD Currencies Majors Banks
could lose some traction if 1.2540 is breached in the near term, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.24-hour view: “We highlighted yesterday that ‘the pullback in GBP could extend but any decline is viewed as a lower range of 1.2575/1.2655’. W added, ‘GBP is unlikely to drop below 1.2575 in a sustained manner’. While GBP declined as expected, it rebounded from a low of 1.2580.
Next 1-3 weeks: “Our update from yesterday is still valid. As highlighted, overbought short-term conditions suggest GBP could stay below the recent high of 1.2668 for 1-2 days. Overall, only a breach of 1.2540 would indicate that the GBP strength that started late last week is unlikely to reach 1.2720 this time around.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
GBP/USD: Rally could extend to 1.2665 – UOBIn light of the recent price action, GBP/USD could extend the uptrend to the 1.2660 region in the next few weeks, suggest Economist Lee Sue Ann and Ma
Leer más »
GBP/USD: The loss of 1.2540 should alleviate the upside pressure – UOBIn the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, a potential test of 1.2720 in GBP/USD could run out of stea
Leer más »
GBP/USD looks offered and challenges 1.2600 amidst strong US DollarThe British pound, along with the rest of the risk-associated universe, comes under pressure and motivates GBP/USD to dispute the 1.2600 region on Tue
Leer más »
GBP/USD refreshes weekly high above 1.2650 as BoE prepares for a fresh rate hikeGBP/USD has printed a fresh weekly high at 1.2653 in the early European session. The Cable has shown a stellar rally and is expected to extend its ups
Leer más »
GBP/USD Forex Signal: Strong Bullish Trend ContinuesMy previous GBP/USD signal on 18th April was not triggered as none of the key support or resistance levels were reached during the day\u2019s London session.
Leer más »
Weekly Forex Forecast \u2013 NASDAQ 100 Index, EUR/USD, GBP/USD,The difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction, and not on the exact methods you might use to determine trade entries and exits.
Leer más »