OCBC: GBP/USD to stall at 1.3400

Sandeep Kanihama FXStreet Contributor

OCBC Bank analysts suggest that the political risks may come to a head this week with risks increasingly binary for the GBP/USD pair.

Key Quotes

“Short term implied valuations for GBP/USD have ticked higher slightly but it remains grossly overbought. Thus, despite a supportive technical backdrop, expect it to stall at 1.3400.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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