The sterling pound (GBP) is expected to be negotiated in a lateral range of 1,3670/1,3750 against the US dollar (USD). In the long term, the panorama is still positive, but the GBP can consolidate for a couple of days first; The next technical objective is 1,3800, says the FX analysts of UOB Group, to be Leang and Peter Chia.
The panorama is still positive for the GBP
24 -hour vision: “After the strong increase in GBP that reached a maximum of 1,3770 last Thursday, we affirmed on Friday that ‘the rapid increase in GBP in recent days seems excessive, but given the strong underlying impulse, it is too early to expect a considerable setback.’ We expected the GBP ‘to be negotiated in a lateral range of 1,3680/1,3760.’ Subsequently, the GBP was negotiated between 1,3684 and 1,3753, largely closing without changes in 1,3715 (-0.08%).
Vision 1-3 weeks: “We continue to maintain the same opinion as last Friday (June 27, Spot in 1,3730). As stood out, ‘The panorama for the GBP remains positive, but can be consolidated for a couple of days first; the next technical objective is 1,3800.’ We will maintain our opinion as long as the ‘strong support’ is not broken in 1,3610 (without change in the level). “
Source: Fx Street
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