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24 Sep 2014
GBP/USD needs to break above 1.6415 for further upside – OCBC Bank
FXStreet (Edinburgh) - According to Emmanuel Ng, FX Strategist at OCBC Bank, the sterling needs to convincingly surpass 1.6415 in order to facilitate the way towards the upper-1.6900s.
Key Quotes
“Cable meanwhile may remain somewhat detached while attempting to establish a foothold within the 1.6300-1.6400 zone with GBP outperformance also manifesting via the EUR-GBP since the Scottish referendum”.
“In the near term, any ability to pierce and hold above 1.6415 may pave the way to 1.6487”.
Key Quotes
“Cable meanwhile may remain somewhat detached while attempting to establish a foothold within the 1.6300-1.6400 zone with GBP outperformance also manifesting via the EUR-GBP since the Scottish referendum”.
“In the near term, any ability to pierce and hold above 1.6415 may pave the way to 1.6487”.