Back
24 Feb 2014
Flash: GBP/USD set for deeper pullback - UOB Group
FXStreet (Barcelona) - Market Strategists at UOB Group notes that GBP/USD looks set for a deeper imminent pullback.
Key Quotes
“The weak close last Friday is suggesting that a deeper pullback is imminent. Only a move above the 1.6740 resistant will indicate a retest of last week’s high of 1.6825. Otherwise, a break below 1.6570 support will likely lead to a move towards the 1.6445 support.”
“Supports: 1.6570, 1.6445. Resistants: 1.6740, 1. 6825.”
Key Quotes
“The weak close last Friday is suggesting that a deeper pullback is imminent. Only a move above the 1.6740 resistant will indicate a retest of last week’s high of 1.6825. Otherwise, a break below 1.6570 support will likely lead to a move towards the 1.6445 support.”
“Supports: 1.6570, 1.6445. Resistants: 1.6740, 1. 6825.”