GBP/USD Bearish Below 1.4300 – UOB

GBP/USD Bearish Below 1.4300 – UOB

16 May 2016, 11:53
Roberto Jacobs
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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”.


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