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GBP/USD is now seen navigating within the 1.2650-1.2850 range in the next few weeks according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.
24-hour view: Yesterday, we expected GBP to edge higher. We highlighted that “1.2805 is still a solid resistance, and the next major resistance at 1.2850 is unlikely to come under threat.” The price movements did not develop as we anticipated. Instead of edging higher, GBP spiked to 1.2845 and then fell back quickly. The choppy price actions have resulted in a mixed outlook, and there is no clear directional bias. Today, GBP could trade in a range between 1.2680 and 1.2790.
Next 1-3 weeks: Our update from yesterday (22 Jun, spot at 1.2770) is still valid. As highlighted, the recent GBP strength has ended and GBP is likely to trade between 1.2650 and 1.2850 for now.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
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