- Analytics
- News and Tools
- Market News
- GBP/USD could still reach the 1.3645 level – UOB
GBP/USD could still reach the 1.3645 level – UOB
In opinion of FX Strategists at UOB Group, cable could still surpass the 1.3600 barrier in the short-term horizon.
Key Quotes
24-hour view: “GBP traded between 1.3509 and 1.3557 yesterday, narrower than our expected sideway-trading range of 1.3500/1.3570. The price actions offer no fresh clues and GBP could continue to trade sideways. Expected range for today, 1.3515/1.3575.”
Next 1-3 weeks: “Our view from Monday (07 Feb, spot at 1.3530) still stands. As highlighted, while upward momentum is beginning to wane, there is chance, albeit not a high one for GBP to make one more push higher to 1.3645. However, a breach of 1.3470 (‘strong support’ level) would indicate that the risk of another leg higher has dissipated.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
