GBP/USD still faces some consolidation near term – UOB – by pabspiovano GBPUSD Currencies Majors Banks
is now seen within the 1.1680-1.1940 range in the next few weeks, suggest Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.24-hour view: “Our view for GBP to consolidate between 1.1820 and 1.1940 yesterday was incorrect as it slumped to a low of 1.1780. Despite the decline, downward momentum has not improved much. However, as long as 1.1880 is not breached , GBP could retest the 1.1780 level before a more substantial rebound is likely. The next support at 1.
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