3 May 2016
GBP/USD now targets 1.4815 – UOB
In view of analysts at UOB Group, the next target for the pair remains the 1.4815 level in the next weeks.
Key Quotes
“The 1.4670 profit-taking level indicated in recent updates was exceeded last Friday with a high of 1.4672”.
“GBP dipped to a low of 1.4590 after that but the subsequent strong up move suggests that the bullish phase that started early last week is still intact”.
“From here, the focus is for further extension to the year-to-date high at 1.4815 (seen in early January). Stop-loss is adjusted higher to 1.4540”.
Key Quotes
“The 1.4670 profit-taking level indicated in recent updates was exceeded last Friday with a high of 1.4672”.
“GBP dipped to a low of 1.4590 after that but the subsequent strong up move suggests that the bullish phase that started early last week is still intact”.
“From here, the focus is for further extension to the year-to-date high at 1.4815 (seen in early January). Stop-loss is adjusted higher to 1.4540”.