GBP/USD could break above 1.2900 – UOB – by pabspiovano GBPUSD Currencies Majors Banks
to challenge and even surpass the 1.2900 yardstick, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: Yesterday, we held the view that GBP “could rise to 1.2865 before the current strong upward pressure might ease”. We stated, “support is at 1.2805, followed by 1.2780”. In London, GBP fell sharply but briefly to 1.2751 and then rebounded strongly to 1.2869. Despite the advance, upward momentum has not increased much.
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