GBP/USD: Bounce extended – OCBC

The GBP/USD pair bounced aggressively higher, taking through significant resistances in the process, as Terence Wu from OCBC Bank notes.

Key quotes

“The next target stands at 1.2270/80, before 1.2310/20. Breaching these levels may see further extension north of 1.2500.”

“Dips supported at 1.2090/00 for now.”