GBP/USD: Intra day support at 1.4545-1.4465 - Lloyds  Bank

Analysts from Lloyds Bank see the GBP/USD pair trapped in a medium-term range between 1.4050/1.3980 and 1.48/1.4950

Key Quotes:

“We are holding at the recent range highs, with intra-day studies warning of a deeper near-term pullback while below 1.48-1.4880 resistance (a move up through here exposes 1.50 region). Intra-day support lies at 1.4545-1.4465 as an ideal target region in this regard.”

“Medium-term we have been trapped in a range between 1.4050/1.3980 (1.35 key below there) and the 1.48-1.4950 region. A move up through 1.48/1.50 is needed to suggest the 30-year support in the 1.40-1.35 has again held and a move back towards the 1.60/1.65 levels will be expected. A break of 1.35 exposes next support in the 1.28 region, with 1.20 below there.”