Extra gains in GBP/USD are likely while above the 1.3000 hurdle, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.
Key Quotes
24-hour view: Last Friday, we held the view that “as long as 1.3055 is not breached, GBP could rise to 1.3160.” While GBP did not breach 1.3055, it also did not rise to 1.3160. Instead, GBP traded in a relatively quiet manner between 1.3090 and 1.3143. GBP appears to have entered a consolidation phase. Today, we expect GBP to trade in a range, likely between 1.3060 and 1.3145.
Next 1-3 weeks: There is not much to add our update from last Friday (14 Jul, spot at 1.3115). As highlighted, as long as 1.3000 is intact, the GBP strength that started last Monday is intact. Looking ahead, the next significant resistance is at 1.3335.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.