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5 Feb 2015
GBP/USD undertone remains positive – UOB Group
FXStreet (Barcelona) - The Research Team at UOB Group views that with a strong support at 1.5100, the positive tone remains for GBP/USD for the next few days.
Key Quotes
“As indicated in yesterday’s update, a clear break above the key level of 1.5270 is unlikely.”
“The sharp drop from the overnight high of 1.5250 reinforces our neutral view and we continue to expect this pair to trade choppily between 1.4980 and 1.5270 in the coming week.”
“That said, the undertone for the next few days is still positive with solid support at 1.5100.”
Key Quotes
“As indicated in yesterday’s update, a clear break above the key level of 1.5270 is unlikely.”
“The sharp drop from the overnight high of 1.5250 reinforces our neutral view and we continue to expect this pair to trade choppily between 1.4980 and 1.5270 in the coming week.”
“That said, the undertone for the next few days is still positive with solid support at 1.5100.”