GBP/USD: Extra gains likely above 1.2155 – UOB – by pabspiovano GBPUSD Currencies Majors Banks
24-hour view: “GBP plunged to a low of 1.1900 yesterday before rocketing to a high of 1.2086. While overbought, the rally has scope to extend above 1.2120. In view of the overbought conditions, GBP might not be able to hold above this level. The next resistance at 1.2155 is unlikely to come into view. Support is at 1.2040, followed by 1.2010.”
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