GBP/USD set to challenge the 200-DMA at 1.3779 – OCBC

The GBP/USD pair dipped toes below the 1.3800 level before closing above. Economists at OCBC Bank expect the cable to tackle the 200-day moving average (DMA) at 1.3779.

See: GBP/USD to plummet towards the 1.3571 July low – Commerzbank

Re-engage downside 

“The 200-DMA (1.3779) remains the immediate target, followed by 1.3732.” 

“Expect the pair to continue reversing the gains made from 1.3600 to 1.4000 in July.”