GBP/USD: 1.2800 is expected to provide support – UOB Group
12.11.2024, 08:27

GBP/USD: 1.2800 is expected to provide support – UOB Group

Scope for GBP to drop to 1.2835; given the oversold conditions, the major support at 1.2800 is unlikely to come under threat. In the longer run, slight buildup in momentum indicates GBP is likely to edge lower; the 1.2800 level is expected to provide significant support, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

GBP is likely to edge lower

24-HOUR VIEW: “Last Friday, GBP fell to a low of 1.2885. Yesterday (Monday), when GBP was at 1.2910 yesterday, we highlighted that ‘there is room for GBP to dip below the 1.2885 low before a more sustained rebound is likely.’ We added, ‘the major support at 1.2850 is unlikely to come under threat.’ While our view was validated as GBP fell to a low of 1.2858, there is no sign of a rebound just yet. Today, there is scope for GBP to drop to 1.2835. Given the oversold conditions, the major support at 1.2800 is unlikely to come under threat. On the upside, should GBP break above 1.2910 (minor resistance is sat 1.2890), it would suggest that the weakness in GBP has stabilised.”

1-3 WEEKS VIEW: “Last Friday (08 Nov, spot at 1.2980), we highlighted that, ‘the recent buildup in downward momentum has faded, and the outlook is unclear.’ We expected GBP to ‘trade in a range between 1.2850 and 1.3055.’ Yesterday, GBP dropped to a low of 1.2858. There has been a slight buildup in downward momentum. From here, GBP is likely to edge lower, but the 1.2800 level is expected to provide significant support. To maintain the buildup in momentum, GBP remain below 1.2975”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik