25 Mar 2015
GBP/USD neutral outlook – UOB
FXStreet (Barcelona) - Analysts at UOB Group maintain their neutral outlook on GBP/USD, expecting the pair to remain trapped in the 1.4720-1.5155 range.
Key Quotes
“We continue to hold a neutral view for GBP and expect further broad consolidation between 1.4720 and 1.5155.”
“That said, 1.5050 is already a very strong resistance and as long as this level continues to cap (high of 1.4984 yesterday), GBP will likely be on the defensive for the next couple of days. That said, a move below 1.4720 is not expected.”
Key Quotes
“We continue to hold a neutral view for GBP and expect further broad consolidation between 1.4720 and 1.5155.”
“That said, 1.5050 is already a very strong resistance and as long as this level continues to cap (high of 1.4984 yesterday), GBP will likely be on the defensive for the next couple of days. That said, a move below 1.4720 is not expected.”