The pound sterling (GBP) could lower slightly, but it does not seem to have enough impulse to break below 1,3375. The perspective of the GBP is still negative; The following technical objective in 1,3320 may not appear so soon, since it could be consolidated first, the FX analysts of UOB Group, to be Leang and Peter Chia.
There is not enough impulse to break below 1,3375
24 -hour vision: “We expected the GBP to consolidate last Thursday. On Friday, we indicated that ‘greater consolidation seems likely, although the strongest underlying tone suggests a higher range of 1,3390/1,3465.’ The GBP was then negotiated in a higher range of 1,3406/1.3476, largely closing unchanged in 1,3410 (-0.06%). 1,3440 and 1,3465. “
Vision at 1-3 weeks: “In our most recent narrative last Wednesday (July 16, for 1,3395), we affirm that ‘the GBP perspective is still negative.’ However, we indicated that ‘the following technical objective in 1,3320 may not appear so soon, since it could be consolidated first.’ We maintain our perspective for now.
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.
