GBP/USD risks further losses near term – UOB – by pabspiovano GBPUSD Currencies Majors Banks
24-hour view: Our view that GBP would trade in a range yesterday was incorrect. Instead of trading in a range, GBP plummeted to a low of 1.2680. While severely oversold, there appears to be enough momentum for GBP to dip below 1.2680. The major support at 1.2645 is likely out of reach today. In order to keep the momentum going, USD must stay below 1.2795 .
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