OCBC: GBP/USD to stall at 1.3400

OCBC Bank analysts suggest that the political risks may come to a head this week with risks increasingly binary for the GBP/USD pair.

Key Quotes

“Short term implied valuations for GBP/USD have ticked higher slightly but it remains grossly overbought. Thus, despite a supportive technical backdrop, expect it to stall at 1.3400.”

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