TenkoFX - Analytics

    TenkoFX

    415.75 7.25/10
    68% of positive reviews
    Real

    GBP/USD still bearish, targets 1.4050 – UOB Pablo Piovano

    The outlook on GBP/USD remains tilted to the downside, targeting the area of 1.4050 in the near-term, suggested analysts at UOB Group.Key Quotes“Instead of pausing for consolidation, GBP resumed its recent weakness to a low of 1.4091”.“The weak closing suggests further downward pressure but oversold condition is expected to lead to a slower pace of decline towards 1.4050 (next significant support is at 1.4006, the low back in April)”.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree