GBP strength towards 1.5820/25 likely - UOB Group

FXStreet (Barcelona) - The Market Strategy Team at UOB Group, notes that further GBP strength towards 1.5820/25 levels is highly anticipated as the current strong up-move appears incomplete.

Key Quotes

"The 1.5755/60 target indicated yesterday was exceeded by a wide margin as GBP surged to a 2-week high of 1.5807. The strong up-move appears incomplete and further GBP strength towards 1.5820/25 is likely. Only a move back below 1.5735/40 would indicate that a temporary top is in place.”