17 Feb 2015
Expect further GBP strength – UOB Group
FXStreet (Barcelona) - The Research Team at UOB Group maintain a bullish outlook on GBP/USD, expecting the pound to strengthen further whilst above 1.5250.
Key Quotes
“The outlook for GBP is still bullish this week and we continue to expect GBP to strengthen further.”
“However, the new target at 1.5595 may not be met this week with 1.5500 acting as a very strong resistance.”
“On the downside, only a move below the trailing-stop at 1.5250 would indicate that the current bullish phase has ended even though 1.5300 is already a strong support.”
Key Quotes
“The outlook for GBP is still bullish this week and we continue to expect GBP to strengthen further.”
“However, the new target at 1.5595 may not be met this week with 1.5500 acting as a very strong resistance.”
“On the downside, only a move below the trailing-stop at 1.5250 would indicate that the current bullish phase has ended even though 1.5300 is already a strong support.”