9 Apr 2014
GBP/USD 1-2 week outlook bullish - UOB Group
FXStreet (Barcelona) - The Market Strategy Team at UOB Group see a 1-2 week bullish GBP/USD trend ahead.
Key Quotes
"GBP blasted through the key resistant at 1.6684 to touch a high of 1.6755 overnight. Our bearish outlook was short-lived and the strong daily close has shifted the outlook for the next 1-2 weeks to bullish."
"The immediate target is at 1.6823 (high seen earlier this year) followed by 1.6880. Strong support is at 1.6650 but only a break below the key support at 1.6600 will indicate the bullish view is wrong."
Key Quotes
"GBP blasted through the key resistant at 1.6684 to touch a high of 1.6755 overnight. Our bearish outlook was short-lived and the strong daily close has shifted the outlook for the next 1-2 weeks to bullish."
"The immediate target is at 1.6823 (high seen earlier this year) followed by 1.6880. Strong support is at 1.6650 but only a break below the key support at 1.6600 will indicate the bullish view is wrong."