GBP/USD: A strong surge in momentum – UOB Group

avatar
· 阅读量 71

Pound Sterling (GBP) is expected to trade in a 1.2710/1.2790 range. In the longer run, there has been a strong surge in momentum; GBP may rise to 1.2850, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

GBP may rise to 1.2850

24-HOUR VIEW: “We indicated yesterday that GBP ‘appears to have entered a consolidation and is likely to trade between 1.2705 and 1.2770.’ GBP traded in a wider and higher range than expected (1.2718/1.2799) before closing largely unchanged at 1.2752 (+0.09%). The price action provides no fresh clues, and we expect GBP to trade in a 1.2710/1.2790 range today.”

1-3 WEEKS VIEW: “Last Friday (06 Dec, spot at 1.2760), we indicated ‘there has been a strong surge in momentum,’ and it ‘may rise to 1.2850.’ Aside from a brief rise to 1.2811, GBP has not been able to make much headway on the downside. However, we will continue to hold the same view, provided that 1.2685 (no change in ‘strong support’ from last Friday) is not breached.”

Share: Feed news

风险提示:本文所述仅代表作者个人观点,不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证,对于基于该内容所采取的任何行为,不承担任何责任,除非另有书面明确说明。

喜欢的话,赞赏支持一下
avatar
回复 0

加载失败()

  • tradingContest