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16 Mar 2015
GBP/USD further weakness ahead – UOB
FXStreet (Barcelona) - Analysts at UOB Group give the outlook and key levels for GBP/USD, noting than further weakness might be seen in the pair for today.
Key Quotes
“The anticipated GBP weakness exceeded our expectation as it plunged to a low of 1.4699. Strong impulsive downward momentum suggests further weakness for today.”
“A move below 1.4699 could lead to a quick drop to 1.4650.”
“Strong resistance is at 1.4810.”
Key Quotes
“The anticipated GBP weakness exceeded our expectation as it plunged to a low of 1.4699. Strong impulsive downward momentum suggests further weakness for today.”
“A move below 1.4699 could lead to a quick drop to 1.4650.”
“Strong resistance is at 1.4810.”