GBP/USD: Still room for a move to 1.3645 – UOB

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GBP/USD: Still room for a move to 1.3645 – UOB
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GBP/USD: Still room for a move to 1.3645 – UOB By pabspiovano GBPUSD Currencies Majors Banks

24-hour view: “GBP pulled back to a low of 1.3505 last Friday before closing on a soft note at 1.3525 . While downward momentum has not improved by much, the pullback in GBP could dip below 1.3500 first before stabilization is likely. The next support at 1.3470 is unlikely to come under threat. On the upside, a break of 1.3590 would indicate that the current weakness has stabilized.”

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