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12 Mar 2015
GBP/USD capped at 1.4980 – UOB
FXStreet (Barcelona) - Analysts at UOB Group, view that GBP/USD might remain capped at 1.4980levels, and any rebound would target 1.4870.
Key Quotes
“Instead of trading sideways, GBP plunged below the 1.5030/35 support to touch a low of 1.4893.”
“The limited recovery from the low suggests that further downside risk from here.”
“Expect any rebound to hold below 1.4980 for a move towards 1.4870.”
Key Quotes
“Instead of trading sideways, GBP plunged below the 1.5030/35 support to touch a low of 1.4893.”
“The limited recovery from the low suggests that further downside risk from here.”
“Expect any rebound to hold below 1.4980 for a move towards 1.4870.”