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26 May 2014
GBP/USD neutral stance vulnerable to downside
FXStreet (Guatemala) - The Market Strategy Team at UOB Group note Sterling’s price action, explaining that it is Neutral for now but the downside looks vulnerable as long as below 1.6921.
Key Quotes
"The short-term pullback from the high of 1.6921 is picking up momentum but only a break below 1.6800 will shift the current neutral outlook to bearish again. Otherwise, this pair is expected to trade sideways but the downside looks vulnerable unless there is a move back above 1.6921."
Key Quotes
"The short-term pullback from the high of 1.6921 is picking up momentum but only a break below 1.6800 will shift the current neutral outlook to bearish again. Otherwise, this pair is expected to trade sideways but the downside looks vulnerable unless there is a move back above 1.6921."