6 May 2016
GBP/USD: 1.44 still on the cards – UOB
The research team at UOB Group still believes GBP/USD could re-test the 1.4400 area in the near-term.
Key Quotes
“There is no change to our view wherein we expect the current pull-back in GBP to extend lower towards 1.4400”.
“However, as mentioned previously, a sustained move below this level is not expected at this stage”.
“Resistance is at 1.4570 but only a move back above 1.4660 would indicate that a short-term low is in place”.
Key Quotes
“There is no change to our view wherein we expect the current pull-back in GBP to extend lower towards 1.4400”.
“However, as mentioned previously, a sustained move below this level is not expected at this stage”.
“Resistance is at 1.4570 but only a move back above 1.4660 would indicate that a short-term low is in place”.