If the pound pound sterling (GBP) is less than 1.3335 relative to the US dollar (USD), it can edge lower than 1.3265. At the long end, the current price movements are part of the 1.3240/1.3450 range of the trading phase of the range, Quek Ser Leang and Peter Chia Note, analysts of UOB Group FX.
Price moves are part of the 1.3240/1,3450 range of trading phase
24-hour view: “Two days ago, GBP rose to 1.3402 and then retreated sharply. Yesterday, when the GBP was 1.3350, we pointed out that” the setback of high excess conditions is likely to refers to GBP in the range of 1.3300 and 1.3400. “Instead of the range of 1,3300/1.3400, the lower 1,3281 is lowered, closing a soft note of 1.3290 (-0.60%), the momentum has decreased. The level is not excluded, but the current drop is unlikely to fall.
1-3 weeks view: “We pointed yesterday (May 7, place 1.3350) that” current price movements as part of the 1.3240/1.3450 range of trading phase “. We think there are no changes.
