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GBP/USD Still Neutral, Waits for a Break of 1.4455 – UOB
Analysts at UOB Group have suggested GBP/USD needs to close above the 1.4455/60 band in order to turn bullish in the near term.
Key Quotes
“As
indicated yesterday, despite the rapidly improving momentum, GBP has to
close above 1.4455/60 before further sustained up-move can be
expected”.
“The sharp overnight pull-back has clearly dented the
upward momentum but another attempt to move above 1.4455/60 cannot be
ruled out just yet”.
“Only a move back below 1.4240 would indicate that the short-term upward pressure has eased”.
