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13 Mar 2015
GBP/USD focus shifts to 1.4815 – UOB
FXStreet (Barcelona) - Analysts at UOB Group note that the outlook for GBP/USD remains bearish and the next target for the pair is 1.4815.
Key Quotes
“As we highlighted yesterday, the break of 1.4950 has shifted the focus for a move towards the 2013 low of 1.4815.”
“The rebound from the overnight low of 1.4850 is likely a short-term corrective recovery and the outlook for this pair in the days ahead is still bearish.”
“The next support below 1.4815 is at 1.4700. Trailing-stop has moved lower to 1.5050.”
Key Quotes
“As we highlighted yesterday, the break of 1.4950 has shifted the focus for a move towards the 2013 low of 1.4815.”
“The rebound from the overnight low of 1.4850 is likely a short-term corrective recovery and the outlook for this pair in the days ahead is still bearish.”
“The next support below 1.4815 is at 1.4700. Trailing-stop has moved lower to 1.5050.”