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Oct 10, 2014
GBP/USD consolidation ahead?? – UOB Group
FXStreet (Edinburgh) - Market Strategists at UOB Group see the recent price action as a potential prologue for a broader consolidation scheme.
Key Quotes
“GBP peeked above the strong mid-term resistant at 1.6220 (high of 1.6226) before dropping sharply”.
“The price current price action is likely the early stages of a broad consolidation phase”.
“For today, expect sideway trading between 1.6080 and 1.6160”.
Key Quotes
“GBP peeked above the strong mid-term resistant at 1.6220 (high of 1.6226) before dropping sharply”.
“The price current price action is likely the early stages of a broad consolidation phase”.
“For today, expect sideway trading between 1.6080 and 1.6160”.