GBP/USD: Likely to trade in a lower range of 1.3400/1.3535 – UOB Group
Downside risk appears to be building, but any Pound Sterling (GBP) weakness is likely part of a lower range of 1.3400/1.3535, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Downside risk appears to be building, but any Pound Sterling (GBP) weakness is likely part of a lower range of 1.3400/1.3535, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Downside risk appears to be building

24-HOUR VIEW: "Yesterday, when GBP was at 1.3460, we were of the view that it 'could test 1.3435'. We highlighted that “the major support at 1.3400 is not expected to come under threat'. While GBP subsequently broke below 1.3435, it rebounded from 1.3418 and closed at 1.3442, down by 0.11%. Downward momentum is starting to slow, but there is a chance for GBP to retest the 1.3420 level. The major support at 1.3400 is still unlikely to come under threat. On the upside, resistance levels are at 1.3460 and 1.3475."

1-3 WEEKS VIEW: "We highlighted yesterday (08 Jan, spot at 1.3460) that 'the downside risk appears to be building'. We also highlighted that 'any GBP weakness is likely part of a lower range of 1.3400/1.3535'. Our view remains unchanged. Looking ahead, if GBP breaks below 1.3400, it could trigger a more sustained decline."


FXStreet
Trade The World
Oltre un milione di utenti si affida a FXStreet per dati di mercato in tempo reale, strumenti di charting, approfondimenti di esperti e notizie Forex. Il loro calendario economico completo e i webinar formativi aiutano i trader a rimanere informati e a prendere decisioni ponderate. FXStreet conta circa 60 professionisti tra la sede di Barcellona e diverse regioni globali.
Read More

LIVE QUOTES

Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

ALL ABOUT FOREX

Esplora Altri Strumenti
Accademia di Trading
Sfoglia una vasta gamma di articoli educativi che coprono strategie di trading, approfondimenti di mercato e fondamentali finanziari, tutto in un unico posto.
Scopri di più
Corsi
Esplora corsi di trading strutturati progettati per supportare la tua crescita in ogni fase del tuo percorso di trading.
Scopri di più
Webinar
Partecipa a webinar live e on-demand per ottenere approfondimenti di mercato in tempo reale e strategie di trading da esperti del settore.
Scopri di più