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Extra gains in GBP/USD are likely while above the 1.3000 hurdle, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.
Key Quotes
24-hour view: Last Friday, we held the view that “as long as 1.3055 is not breached, GBP could rise to 1.3160.” While GBP did not breach 1.3055, it also did not rise to 1.3160. Instead, GBP traded in a relatively quiet manner between 1.3090 and 1.3143. GBP appears to have entered a consolidation phase. Today, we expect GBP to trade in a range, likely between 1.3060 and 1.3145.
Next 1-3 weeks: There is not much to add our update from last Friday (14 Jul, spot at 1.3115). As highlighted, as long as 1.3000 is intact, the GBP strength that started last Monday is intact. Looking ahead, the next significant resistance is at 1.3335.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
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