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30 Mar 2015
GBP/USD might struggle to recover above 1.4950 – UOB
FXStreet (Barcelona) - Analysts at UOB Group share the technical outlook for GBP/USD, anticipating that the pair might face a stiff barrier at 1.4950, while 1.4830 is a strong support.
Key Quotes
“In line with expectations, GBP retested the 1.4800 support and the subsequent rebound exceeded the 1.4890 target with a high of 1.4923.”
“While current up-move appears incomplete, any further recovery will likely struggle to overcome the next resistance at 1.4950.”
“Strong support is at 1.4830 ahead of the 1.4800 low.”
Key Quotes
“In line with expectations, GBP retested the 1.4800 support and the subsequent rebound exceeded the 1.4890 target with a high of 1.4923.”
“While current up-move appears incomplete, any further recovery will likely struggle to overcome the next resistance at 1.4950.”
“Strong support is at 1.4830 ahead of the 1.4800 low.”