There has not been an increase in the bearish impulse or in the bullish; The sterling pound (GBP) is expected to be negotiated in a range of 1,2920/1,2980. In the long term, the GBP is likely to consolidate between 1,2850 and 1,3015, although with a slight bearish bias, the FX analysts of UOB Group, quek being Leang and Peter Chia.
It is likely that the GBP will consolidate between 1,2850 and 1,3015
24 -hour vision: “The GBP was negotiated between 1,2904 and 1,2966 yesterday, closing slightly higher by 0.17% in 1,2944. There has not been an increase in the bearish impulse or the bullish. Today, we hope that the GBP will be negotiated in a range, probably between 1,2920 and 1,2980.”
Vision at 1-3 weeks: “The GBP weakened after fighting to stay above 1,3015 last week. It seems to have entered a consolidation phase, probably negotiating between 1,2850 and 1,3015 for now, although with a slight bearish bias.”
Source: Fx Street
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