GBP/USD could now retest the 1.2580 region – UOB By pabspiovano GBPUSD Currencies Majors Banks
Cable’s upside momentum could revisit the 1.2580 zone in the next weeks, suggested FX Strategists at UOB Group Quek Ser Leang and Peter Chia.closed at 1.2496 last Friday before edging above 1.2500 during early Asian hours. While upward momentum has not improved by much, there is scope for GBP to edge higher even though the major resistance at 1.2580 is unlikely to come into the picture . Support is at 1.2475 followed by 1.2450.
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