GBP/USD: Below 1.4550 look for 1.4300/1.4250 - Lloyds

Matías Salord FXStreet

Analysts from Lloyds Bank warned about a further bearish correction in the GBP/USD pair, potentially targeting the 1.4300 - 1.4250 area.

Key Quotes:

“Intra-day studies remain bearish suggesting this latest rally phase towards 1.48 can see a deeper correction. We still see 1.48-1.4950 as a very strong resistance region. A drop back through 1.4600/1.4550 would confirm a short-term top for a decline back towards 1.4300/1.4250.”

“Medium-term we still believe the market should remain in a range between 1.4050/1.3980 (1.35 key below there) and the 1.48-1.4950 region.”

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

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