GBP/USD looks to a potential drop to 1.3500 – UOB By pabspiovano GBPUSD Currencies Majors Banks
24-hour view: “We expected GBP to weaken last Friday but we were of the view that ‘any weakness is unlikely to break the major support at 1.3560’. The subsequent weakness exceeded our expectations as GBP fell to 1.3546 before settling on a soft note at 1.3551 . Downward momentum has improved and further weakness appears likely. That said, oversold conditions suggest that 1.3500 is likely out of reach for today . On the upside, a breach of 1.
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