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17 Mar 2016
GBP/USD bullish above 1.4305 – UOB
In view of the research team at UOB Group, the pair’s outlook could turn to bullish above 1.4305.
Key Quotes
“GBP dropped initially to a low of 1.4053 before staging a remarkable turnaround to close higher at 1.4257 (high of 1.4274)”.
“Extension higher will not be surprising but 1.4305 is a major resistance and this level would not be easy to break”.
“However, only a move above 1.4305 would indicate that our view is wrong”.
Key Quotes
“GBP dropped initially to a low of 1.4053 before staging a remarkable turnaround to close higher at 1.4257 (high of 1.4274)”.
“Extension higher will not be surprising but 1.4305 is a major resistance and this level would not be easy to break”.
“However, only a move above 1.4305 would indicate that our view is wrong”.