GBP/USD faces a potential test of the 1.2330 level – UOB – by pabspiovano GBPUSD Currencies Majors Banks
breaks above 1.2270, it could then attempt to revisit the 1.2330 zone, note UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: “Yesterday, we held the view that GBP ‘could continue to rise even though 1.2200 is likely out of reach’. The anticipated GBP strength exceeded our expectations as GBP rose to a high of 1.2209. While overbought, there is room for one more push higher in GBP before the risk of a pullback increases.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD: Next target now comes at 1.2270 – UOBIn the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, GBP/USD’s upside could retarget the 1.2270 area in the shor
Read more »
GBP/USD faces resistance around 1.2200 despite solid UK Retail SalesThe GBP/USD pair is sensing pressure while bridging the marginal gap in surpassing the round-level resistance of 1.2200 in the early Asian session. Th
Read more »
GBP/USD to rise up towards the 1.3000 level – MUFGThe Pound has outperformed since the end of last week. Economists at MUFG Bank expect the GBP/USD pair to advance nicely towards 1.30 this year. A bet
Read more »
Pairs in Focus This Week-Bitcoin, Gold, EUR/USD, GBP/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 8th, 2022 here.
Read more »
GBP/USD: Weekly Forecast 8th January - 14th JanuaryThe GBP/USD went into the weekend near the 1.20860 level, after starting the week near a high of around 1.21000.
Read more »
GBP/USD Price Analysis: Further upside hinges on 1.2130 breakoutGBP/USD bulls flirt with the 1.2100 threshold during Monday’s Asian session, after posting the biggest daily jump in five weeks on Friday. Even so, th
Read more »