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Further GBP strength towards 1.6225 expected - UOB Group

FXStreet (Łódź) - The Market Strategy Team at UOB Group believe that GBP/USD should continue rising towards the 1.6225 area.

Key Quotes

"The overnight high of 1.6182 held just below the strong resistant at 1.6185."

"The pull-back from the high is likely just a pause in the current up-move and as long as the key support at 1.6040 (from 1.5995) is intact, we continue to expect further GBP strength towards 1.6225 (see Chart of the Day update yesterday)."

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