GBP/USD faces further consolidation near term – UOB – by pabspiovano GBPUSD Currencies Majors Banks
24-hour view: “We expected GBP to edge higher to 1.2070 yesterday. Our expectation did not materialize as GBP traded in a relatively quiet manner between 1.1998 and 1.2049. The price actions appear to be consolidative and today, GBP is likely to trade within a range of 1.1990/1.2060.”
Next 1-3 weeks: “Our update from yesterday is still valid. As highlighted, GBP is likely to consolidate for now, expected to be between 1.1925 and 1.2120.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD expected to trade within 1.1925-1.2120 – UOBAccording to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, GBP/USD is expected to trade between 1.1925 and 1.2120 in the sh
Read more »
GBP/USD: Weekly Forecast 5th March - 11th MarchThe GBPUSD went into the weekend near the 1.20430 ratio after a rather choppy and nervous display of trading the entire week- Forex Trading FX Money Markets
Read more »
Pairs in Focus This Week \u2013 GBP/USD, EUR/USD, Gold, USD/JPYGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of march 5th, 2022 here.
Read more »
GBP/USD Price Analysis: Cable retreats towards resistance-turned-support near 1.2000GBP/USD Price Analysis: Cable retreats towards resistance-turned-support near 1.2000 GBPUSD Technical Analysis ChartPatterns SwingTrading SupportResistance
Read more »
GBP/USD consolidates in a range, holds steady above 1.2000 mark amid softer USDThe GBP/USD pair struggles to capitalize on Friday's goodish rebound from a technically significant 200-day Simple Moving Average (SMA) and kicks off
Read more »
GBP/USD: Potential descending triangle could be forming with support at 1.1920 levels – OCBCGBP/USD consolidated last week. Economists at OCBC note that a move below the 1.1920 area could confirm a descending triangle, opening up next support
Read more »