GBP/USD in the Range of 1,2750/1,2950 — UOB

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.

Important Quotes

«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**

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