11 Feb 2016
GBP/USD consolidative in the short-term – UOB
In opinion of the research team at UOB Group, the pair remains biased towards a sideline pattern in the next weeks.
Key Quotes
“While the undertone for this pair appears to be positive, any up-move is not expected to move significantly higher above the 1.4575 peak seen yesterday”.
“On the downside, only a move back below 1.4450 would indicate that a short-term top is in place”.
“There is no change to our neutral outlook for now. We continue to expect GBP to trade in a broad range, likely between 1.4350 and 1.4650 in the coming days”.
Key Quotes
“While the undertone for this pair appears to be positive, any up-move is not expected to move significantly higher above the 1.4575 peak seen yesterday”.
“On the downside, only a move back below 1.4450 would indicate that a short-term top is in place”.
“There is no change to our neutral outlook for now. We continue to expect GBP to trade in a broad range, likely between 1.4350 and 1.4650 in the coming days”.