The impulse is increasing, and the sterling pound (GBP) could be strengthened towards 1,3720 against the US dollar (USD). In the long term, the perspectives for GBP are positive; It could rise to 1,3720, potentially to 1,3750, the FX analysts of UOB Group, to be Leang and Peter Chia.
Perspectives for GBP are positive
24 -hour vision: “We did not expect the GBP to rise to 1,3671 (since we expected a range in range). The GBP closed in 1,3655 (+0.34%) before climbing more today. The impulse is increasing and the GBP could be strengthened towards 1,3720. At this time, it is not clear if the current impulse can lead to the GBP to 1,3750. Support are in 1,3660 and 1,3640. “
Vision to 1-3 weeks: “In our last narrative two days ago (June 24, Spot in 1,3545), we highlight that the recent ‘accumulation of downward impulse has decreased’. We also highlight that ‘the perspectives seem mixed, and the GBP could operate in a range of 1,3420/1,365 for now.’ We reiterate our opinion yesterday, but we point out that ‘If the GBP breaks and remains above 1,3655, it would increase the potential that the GBP moves above 1,3700.’ Subsequently, the GBP rose and closed at 1,3665 (+0.34%).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
