17 Sep 2014
GBP/USD still waiting for a break – UOB Group
FXStreet (Edinburgh) - Quek Ser Leang, Market Strategist at UOB Group, underlines the mixed outlook for the sterling.
Key Quotes
“The choppy trade in GBP yesterday has led to a mixed outlook”.
“However, the sharp rally overnight appears incomplete and there could be a retest of the overnight high near 1.6310/15 but clear break appears unlikely at this juncture”.
“Strong support is at 1.6210.
Key Quotes
“The choppy trade in GBP yesterday has led to a mixed outlook”.
“However, the sharp rally overnight appears incomplete and there could be a retest of the overnight high near 1.6310/15 but clear break appears unlikely at this juncture”.
“Strong support is at 1.6210.