GBP/USD: 1.51 to come under pressure – UOB

FXStreet (Guatemala) – Analysts at UOB Group explained that GBP/USD is destined to a test of the 1.51 handle while below key resistances.

Key Quotes:

“There is no change to the current bearish GBP view, the short term consolidation over the past few trading days has led to a quick loss in downward momentum.

However, only a break above the stop-loss at 1.5320 would indicate that a short-term low is in place. Otherwise, a move to 1.5090 cannot be ruled out just yet.”

Analysts at UOB Group explained that GBP/USD is destined to a test of the 1.51 handle while below key resistances.

(Market News Provided by FXstreet)