While it is overcapted, the sterling pound (GBP) can have just enough impulse to test 1,2975 against the US dollar (USD) before the risk of a setback increases. In the long term, the upward trend in GBP seems to be ready to consolidate or pause; A break below 1,2855 will indicate that the ascending impulse has weakened, the FX analysts of UOB Group, quek being Leang and Peter Chia.
The gBP bullish trend seems to be ready to consolidate or pause
24 -hour vision: “Yesterday, we kept the opinion that GBP ‘will probably trade between 1,2845 and 1,2930.’ Our opinion was incorrect, since GBP shot, reaching a maximum of 1,2966.
Vision at 1-3 weeks: “We review our Perspective for GBP to positive in early last week. After following the increase for more than a week, we highlight yesterday (March 11, for 1,2875) that” the ascending impulse is slowing down, and a break of 1,2830 (level of ‘strong support’) would mean that 1,2975 is out of reach this time this time this time. 1,2966, there has been no additional increase in impulse.
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.
