The perspective is mixed; The pound could be negotiated between 1,2390 and 1,2500. In the long term, for the moment, the pound is likely to be negotiated in a range of 1,2310/1,2550, the FX analysts of the UOB group, to be Leang and Peter Chia.
Libra could continue to negotiate volatile
24 hours seen: “Yesterday, we expected the pound to consolidate in a range of 1,2460/1,2540. ‘ Our expectation was incorrect, since the pound collapsed to 1,2361 before bouncing strongly to close in 1,2438 (-0.54%). between 1,2390 and 1,2500. “
1-3 weeks View: “After the increase in pound at 1,2550 two days ago, we indicated yesterday (February 6, for 1,2505) that ‘the bullish momentum is increasing, but not enough to suggest a sustained advance.’ We add, ‘for sustained advance, the pound has to break and stay above 1,2550.’ Yesterday, the pound collapsed to a minimum of 1,2361. At the moment, it is likely to be negotiated in a range of 1,2310/1,2550. “
Source: Fx Street
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