FXStreet — The UOB Group team of Analysts declared that the Cable remains in the Range of 1,2750-1,2950 in the short term, neutral.
«We discovered yesterday that the current Pullback will continue in the direction of 1,2840. In line with our expectation, the GBP fell to a Low of 1,2831, but it came to a quick and unexpected recovery. The upward movement has shifted the focus to the High of the last week of 1,2965, which offers very strong resistance (the near resistance at 1.3000).»
** FXStreet News Editorial, FXStreet**