GBP/USD Still Focused on 1.4455/60 – UOB

GBP/USD Still Focused on 1.4455/60 – UOB

25 April 2016, 11:36
Roberto Jacobs
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GBP/USD Still Focused on 1.4455/60 – UOB

The research team at UOB Group said GBP/USD needs to close above 1.4455/60 in order to allow for further gains.

Key Quotes

“The undertone for GBP is clearly positive but as mentioned in recent updates, only a daily closing above 1.4455/60 would indicate that the month long neutral phase has shifted to bullish”.

“This appears to be a likely scenario unless there is a move back below 1.4320 in the next 1 to 2 days”.


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