24 Nov 2014
Sterling is trading sideways in a box – BBH
FXStreet (Guatemala) - Analysts at BBH sight the pound as a bearish play.
Key Quotes:
“The $1.5600 area has repeatedly been tested in recent sessions. The $1.5740 area marks the top of the box”.
“Above there is what may prove to be a more formidable resistance near $1.58”.
“While we expect sterling to outperform the euro on a trend basis, it is still likely to decline against the dollar”.
Key Quotes:
“The $1.5600 area has repeatedly been tested in recent sessions. The $1.5740 area marks the top of the box”.
“Above there is what may prove to be a more formidable resistance near $1.58”.
“While we expect sterling to outperform the euro on a trend basis, it is still likely to decline against the dollar”.