GBP/USD: Next target now comes at 1.2270 – UOB – by pabspiovano GBPUSD Currencies Majors Banks
to extend to 1.1850 before stabilization is likely’. While GBP subsequently dropped to a low of 1.1846, it reversed and rocketed to a high of 1.2100. GBP extended its advance in early Asian trade and it could continue to rise even though the resistance at 1.2200 is likely out of reach today . On the downside, any pullback is unlikely to challenge the support at 1.2010 .”
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