GBP/USD Bearish Below 1.4300 – UOB
The research team at UOB Group sees GBP/USD's downside accelerating below the 1.4300 handle.
Key Quotes
“While the breach of 1.4360 has clearly shifted the risk to the
downside, momentum indicators are not as strong as we would like and we
prefer to wait for a daily closing below 1.4300 before turning bearish
(next support is at 1.4200)”.
“Overall, this pair is expected to remain under pressure unless it can reclaim 1.4455 within these couple of days”.
