In view of the research team at UOB Group, GBP/USD needs to close above 1.4680 in order to shift to a bullish outlook.
Key Quotes
“There is no change to our view wherein only a daily closing above the major 1.4680 resistance would indicate the start of a sustained up-move in GBP”.
“In the meanwhile, the undertone still appears to be slightly positive as long as the strong support at 1.4490 continues to hold”.
(Market News Provided by FXstreet)
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