GBP/USD: A potential test of 1.2330 remains in store – UOB – by pabspiovano GBPUSD Currencies Majors Banks
to revisit the 1.2330 region in the next few weeks, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.24-hour view: “We held the view yesterday that ‘there is room for one more push higher in GBP before the risk of a pullback increases’. However, GBP traded sideways between 1.2111 and 1.2189. The price actions appear to be consolidative and GBP is likely to continue to trade sideways. The expected range for today is 1.2100/1.2200.
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