Back
25 Nov 2013
Flash: GBP/USD 1.6260 resistance under threat this week? UOB Group
FXstreet.com (Barcelona) - Quek Ser Leang, Market Strategist at UOB Group suspects that major GBP/USD resistance at 1.6260 will likely come under threat this week.
Key Quotes
“Improving momentum suggests that the resistant at 1.6260 will likely come under threat this week.”
“However, even a break above 1.6260 will likely be limited to 1.6330 ahead of the year’s high at 1.6380. Only a move below last week’s low at 1.6060 will suggest that the bullish view is wrong.”
Key Quotes
“Improving momentum suggests that the resistant at 1.6260 will likely come under threat this week.”
“However, even a break above 1.6260 will likely be limited to 1.6330 ahead of the year’s high at 1.6380. Only a move below last week’s low at 1.6060 will suggest that the bullish view is wrong.”