The sterling pound (GBP) is expected to unequal between 1,2955 and 1,3030. In the long term, a greater increase in GBP seems likely; A modest increase in the impulse suggests that 1,3050 may not be in sight as soon, the FX analysts of UOB Group, to be Leang and Peter Chia.
A greater increase in GBP seems likely
24 -hour vision: “GBP rose and tested the level of 1.3000 two days ago. Yesterday, we highlight the following: ‘While the rapid increase seems excessive, while 1,2955 is not broken (the minor support is in 1,2970), there is a possibility that GBP breaks above 1.3000. Given the overcompra conditions, it could not be able to maintain a position above this level. The following resistance is unlikely. He looks threatened. ‘ GBP subsequently rose to 1,3005, brought up abruptly at 1,2953 and then rise again to 1,3010. 1,2955 and 1,3030. ”
Vision at 1-3 weeks: “Following the strong increase in GBP since the beginning of this month, in our most recent narrative last Thursday (March 13, for 1,2955), we indicate that ‘to continue climbing, GBP must break and stay above 1.3000.’ Yesterday (March 18), GBP rose to 1,3010, closing marginally above 1.3000 (1,3003, +0.10%). GBP is not going up anymore. “
Source: Fx Street
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