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11 May 2015
GBP/USD might re-test 1.5500 – UOB
FXStreet (Barcelona) - Analysts at UOB expect GBP/USD to make an intraday day move towards 1.5500 as long as the pair remains above 1.5380/85.
Key Quotes
“GBP touched a high of 1.5523 last Friday before dropping sharply to 1.5355. The down-move from the high is likely a corrective pull-back. As long as 1.5380/85 is not taken out, expect another leg higher to 1.5500 but a clear break above 1.5520/25 is unlikely.”
Key Quotes
“GBP touched a high of 1.5523 last Friday before dropping sharply to 1.5355. The down-move from the high is likely a corrective pull-back. As long as 1.5380/85 is not taken out, expect another leg higher to 1.5500 but a clear break above 1.5520/25 is unlikely.”