GBP recovery may have a little more room

GBP recovery may have a little more room

24 March 2016, 13:10
Vasilii Apostolidi
0
4

GBP showing some signs of outperformance, gaining against the USD and EUR in recent trade, but now also showing potential against the commodity currencies.  GBP/AUD has been recovering well from sub 1.8600’s levels yesterday morning, and now looks set to extend gains towards 1.9000, before fresh pressure sets in.  As such, Cable may have a little more upside to go, and on the tech charts, the high 1.4100’s to low 1.4200’s look a more comfortable resell under the circumstances. 

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