The Pound Sterling (GBP) is expected to trade in a sideways range of 1.2615/1.2680. Current price movements are likely part of a consolidation, UOB Group FX strategists suggest.
Consolidation phase looms over the markets
24-HOUR VIEW: “Yesterday, we expected GBP to trade in a sideways range of 1.2625/1.2675. However, GBP spiked briefly to 1.2710 and then pulled back to close largely unchanged at 1.2651 ( 0.04%). The brief advance did not result in any increase in upward momentum. We continue to expect GBP to trade sideways, likely in a range of 1.2615/1.2680.”
1-3 WEEKS VIEW: “We have held a negative view in GBP for about 2 weeks now. Yesterday (01 Jul, spot at 1.2645), we highlighted that ‘momentum is beginning to fade.’ We added, ‘if GBP breaks above 1.2700, it would mean that GBP is not weakening further.’ In NY trade, GBP spiked briefly above 1.2700, reaching a high of 1.2710. The breach of our ‘strong resistance’ level of 1.2700 indicates that GBP is not weakening further. The current price movements are likely part of a consolidation phase. For now, GBP is likely to trade between 1.2600 and 1.2720.”
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
