Pound Sterling (GBP) is still trading in the extent compared to the American dollar (USD), which is to be from 1.2750 to 1.2870. In a longer gear, GBP may fall even more; It is not clear if he can achieve the next main support at 1.2580, FX Group Quek Leandg and Peter Chia analysts.
GBP may fall even more
24-hour view: “We expected GBP yesterday” Trade in the range from 1.2740 to 1.2860 “. Our view was not bad because GBP traded in the range of 1.2743/1.2860, closing to 1.2830 (+0.50%). Price action still seems to be part of the range of range resettlement.
1-3 weeks View: “In our latest narrative from Tuesday (April 08, place at 1.2760) we emphasized that GBP” can go further, but it is not clear or can achieve another great support at 1.2580 “. GBP has traded mainly in the range in the last few days, and in our opinion there are no changes.
