10 Mar 2016
GBP/USD bullish upside 1.4050 – UOB
In view of the research team at UOB Group, the pair keeps its upside bias above the 1.4050 level in the near term.
Key Quotes
“While the short-term upward momentum has clearly eased, it is too early to expect a mid-term top”.
“The current movement is likely part of a consolidation phase and as long as 1.4050 is intact, another attempt to move higher to test the major 1.4400 resistance cannot be ruled out just yet”.
Key Quotes
“While the short-term upward momentum has clearly eased, it is too early to expect a mid-term top”.
“The current movement is likely part of a consolidation phase and as long as 1.4050 is intact, another attempt to move higher to test the major 1.4400 resistance cannot be ruled out just yet”.