GBPUSD: Potential consolidation ahead of further upside – UOB – by pabspiovano GBPUSD Currencies Majors Banks
24-hour view: “Yesterday, we held the view that GBP ‘is likely to edge higher but any advance is likely limited to a test of 1.1970’. GBP subsequently rose to 1.1958, dropped sharply to 1.1765 before rebounding to end the day at 1.1860 . The price movements appear to be part of a broad consolidation and we expect GBP to trade between 1.1790 and 1.1950 today.”
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