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GBP/USD dips could find support near 1.5421 – OCBC

FXStreet (Edinburgh) - FX Strategist at OCBC Bank Emmanuel Ng sees pullbacks in the pair to remain contained near 1.5421.

Key Quotes

GBP-USD ended flat on the day and investors may continue to accumulate on dips in the current dollar environment”.

“The UK data feed today is sparse except for an appearance by the BOE’s Forbes (1030 GMT) and markets would have to look towards external cues instead”.

“In the interim, support is seen at the 55-day MA (1.5421) while a sustained break above 1.5490 may pave the way to 1.5540”.

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