GBP/USD Shifted to Neutral, Focus on 1.44 – UOB
In view of the research team at UOB Group, the pair’s outlook remains
neutral in the near term, while the looks have now turned to 1.4400.
“We shifted to a neutral GBP stance yesterday and there is no change to the view”.
“The current pull-back from the high of 1.4770 earlier this week appears to have scope to extend lower to test the strong support at 1.4400”.
“At this stage, a sustained move below this level appears unlikely. Resistance is at 1.4570 but only a move back above 1.4660 would indicate that the prevalent downward pressure has eased”.