She is still trading in a group – UOB Group

The pound (GBP) is still trading in the US dollar (USD) range, is expected to range between 1.2750 and 1.2870. In the longer term, GBP can decrease more; It is unclear whether it can reach the next main support at 1.2580, Quek Ser Leang and PEER Chia Note in UOB Group.

GBP can decrease more

Show 24 hours: “We expected that GBP would trade in the range between 1.2740 and 1.2860 ‘yesterday. Our view was not wrong, as GBP was circulated in the limits of 1.2743/1.2860, with closing at 1.2830 (+0.50 %). It seems that the price procedure is part of the range.

1-3 weeks show: “In our latest novel from Tuesday (April 08, Al-Baqa at 1.2760), we highlighted that GBP can decrease, but it is unclear whether it could reach the following main support at 1.2580. “GBP has been traded mostly in the past two days, and there is no change in our view in general.