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5 Feb 2016
GBP/USD needs to close above 1.4680 – UOB
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”.
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”.