GBP/USD now faces strong resistance at 1.3460 – UOB By pabspiovano GBPUSD Currencies Majors Banks
24-hour view: “We highlighted yesterday that ‘there is scope for GBP test last week’s low near 1.3275’. We added, ‘a sustained decline below this level is unlikely’. While our view was not wrong as GBP dropped to 1.3275, we did not anticipate the sharp rebound from the low . The rebound has room to extend but is unlikely to break the strong resistance at 1.3460 . Support is at 1.3370 followed by 1.3340.
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