The sterling pound (GBP) could rise slightly and try 1,3420; The main resistance in 1,3445 is probably out of reach for now. In the long term, the GBP could continue to rise; According to the current impulse, it could find it difficult to break 1,3445, the FX analysts of the UOB Group, to be Leang and Peter Chia point out.
The GBP can continue to rise
24 -hour vision: “After the GBP went up to 1,3403 and retreated, we highlight yesterday that ‘a greater strength of the GBP is likely to occur.’ However, we indicate that ‘any advance is probably part of a higher range of 1,3325/1,3410.’ Subsequently, the GBP was negotiated between 1,3336 and 1,3395. decreased. “
Vision 1-3 weeks: “We review our Perspective from Neutral to Positive Yesterday (May 20, Spot in 1,3365), indicating that the GBP ‘could continue to rise.’ However, we highlight that, ‘based on the current impulse, any advance could find it difficult to break the maximum of end of April 1,3445.’ There is no
Change in our perspective, but the ‘strong support’ has risen to 1,3315 from the level of 1,3290 yesterday. “
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.
