The research team at UOB Group has suggested GBP/USD’s upside could extend towards the 1.4400 handle.
Key Quotes
“While the short-term upward momentum has clearly eased, it is too early to expect a mid-term top”.
“The current movement is likely part of a consolidation phase and as long as 1.4050 is intact, another attempt to move higher to test the major 1.4400 resistance cannot be ruled out just yet”.
(Market News Provided by FXstreet)