GBP/USD: Outlook remains mixed for the time being – UOB – by pabspiovano GBPUSD Currencies Majors Banks
sticks to its mixed outlook and is expected to trade between 1.1950 and 1.2240 in the next weeks, suggest Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia.24-hour view: “We did not anticipate the strong surge in GBP to 1.2112 last Friday . The rapid rise has scope to test 1.2145. The major resistance at 1.2240 is not expected to come into view. Support is at 1.2040, followed by 1.2000.
Next 1-3 weeks: “Last Friday , we indicated that ‘downward momentum is beginning to fade and a break of 1.1950 would indicate that GBP is unlikely to weaken further’. However, we did not anticipate GBP jumping to a high of 1.2112. After the recent sharp but short-lived swings, theShare:Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pairs in Focus This Week \u2013 EUR/USD, GBP/USD, USD/JPYGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of March 12th, 2022 here.
Read more »
GBP/USD: Weekly Forecast 12th March - 18th MarchThe GBPUSD went into the weekend around the 1.20300 level- trading forextrading
Read more »
GBP/USD bulls ar ein the market testing bear commitments at 1.2100GBP/USD is 0.33% higher after the pair moved up from a low of 1.2063 to a high of 1.2103 following its biggest jump since January 6 while the US Dolla
Read more »
Tech stock outlook: Sector is overvalued, vulnerable to rate shocksThe rally in tech is set to fade after a red-hot start to 2023, but investors should keep an eye on one key industry, analysts say
Read more »
GBP/USD Price Analysis: Cable bulls prod 50-DMA hurdle above 1.2100 as the key week beginsGBP/USD Price Analysis: Cable bulls prod 50-DMA hurdle above 1.2100 as the key week begins GBPUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
Read more »
Mayoral candidates need real plans to fix the city’s troubled schools | EditorialDaily News | Mayoral candidates need real plans to fix the city’s troubled schools | Editorial
Read more »