- Analytics
- News and Tools
- Market News
- GBP/USD: Set to move to 1.2410 – UOB Group
GBP/USD: Set to move to 1.2410 – UOB Group
Current price movements are likely part of a 1.2280/1.2355 range trading phase. In the longer run, Pound Sterling (GBP) view is positive, anticipating a move to 1.2410, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
GBP looks positive mid-term
24-HOUR VIEW: “When GBP was at 1.2330 in early Asian trade yesterday, we highlighted that ‘there is a chance for GBP to test 1.2375.’ We added, ‘the major resistance at 1.2410 is unlikely to come into view.’ Our view was validated, as GBP rose to 1.2376 and then pulled back to close at 1.2328 (-0.25%). The current price movements are likely part of a range trading phase. Today, we expect GBP to trade in a 1.2280/1.2355 range.”
1-3 WEEKS VIEW: “Our update from Tuesday (21 Jan, spot at 1.2330) remains valid. As highlighted, the GBP is positive, and we are anticipating a move to 1.2410. On the downside, a breach of 1.2210 will invalidate our view.”
© 2000-2025. 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.
