GBP/USD has probably formed a High — UOB

FXStreet — The UOB Group team of Analysts for the GBP/USD in the short term, neutral.

Important Quotes

“While there was no Change to the current neutral Outlook for the GBP, the price development of the last few days then that is likely a High has been formed.”

“The current neutral Phase is the third week intact and a clear break below 1,2920 is necessary so that the opportunities for a movement to rise to 1,2830 Deep.”

“Overall, the will increase slightly, downward pressure in the next few days, as long as the GBP is unable to overcome the strong resistance of 1,3050.”

** FXStreet News Editorial, FXStreet**

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