A stronger underlying tone suggests that the sterling pound (GBP) could re -test the level of 1,3615 against the US dollar (USD); The following resistance in 1,3655 is unlikely to be threatened. In the long term, the GBP could advance; Given the current momentum, any advance may not be able to break clearly above 1,3655, the FX analysts of UOB Group, quek be Leang and Peter Chia point out.
The GBP has an opportunity to advance
24 -hour vision: “Yesterday we affirm that ‘a slight increase in momentum suggests a bullish bias, but it is unlikely that the GBP clearly breaks above 1,3600.’ However, the price movements did not be as expected. GBP could re -test the level of 1,3615 before a setback is likely.
Vision at 1-3 weeks: “We have maintained the same opinion since Tuesday (June 3, quotation in 1,3555), where ‘there has been an increase in short-term bullish momentum, but for a sustained advance, the GBP must close first above 1,3600.’ Yesterday, the GBP broke over 1,3600 and then backed up in 1,3571. from 1,3655. ”
Source: Fx Street
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