FXStreet (Edinburgh) – The research team at UOB Group has reiterated the neutral perspective on GBP/USD in the near term.
Key Quotes
“There is no change to the current neutral view”.
“The current movement is viewed as a corrective recovery which appears to have scope to extend higher to 1.4450 (a break above this level is not expected)”.
“Strong support is at 1.4150 and the recent low of 1.4080 is acting as a very strong support now”.
(Market News Provided by FXstreet)