FXStreet (Edinburgh) – In opinion of the research team at UOB Group, GBP/USD remains neutral in the short-term although a test of 1.4565 remains on the cards.
Key Quotes
“While we still maintain a neutral outlook for this pair, the corrective rebound is gaining momentum rapidly and the current up-move has scope to extend higher to test the major 1.4565 resistance”.
“Strong support is at 1.4240 and last Friday’s low of 1.4150 should not be threatened, at least not in the next few days”.
(Market News Provided by FXstreet)