GBP/USD seen between 1.4100 and 1.4205 – UOB

Pablo Piovano FXStreet

Cable is now expected to consolidate within the 1.4100-1.4205 range in the next weeks, noted FX Strategists at UOB Group.

Key Quotes

24-hour view: “GBP dipped to 1.4122 yesterday before rebounding quickly and subsequently, traded sideways. Momentum indicators are neutral and for today, GBP is likely to trade between 1.4120 and 1.4185.”

Next 1-3 weeks: “The relatively choppy price actions late last week was followed by a rapid decrease in volatility as GBP traded in a quiet manner the past couple of days. The outlook is unclear and GBP is likely to trade between 1.4100 and 1.4205 for now.”

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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