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27 Mar 2015
GBP/USD key support at 1.4800 – OCBC
FXStreet (Barcelona) - A GBP/USD break below 1.4800 might pave way for 1.4700-1.4750 zone, notes Emmanuel Ng, FX Strategist at OCBC Bank.
Key Quotes
“The GBP also succumbed to a firmer dollar on Thursday with the pair relapsing from highs near 1.5000 with the pair likely to head into the end of the week on a downbeat note.”
“Look to the greenback for further cues with little in the way of fresh domestic impetus for now, and the pivotal junction at 1.4800, if violated, may shine the way to a lower 1.4700- 1.4750 range.”
Key Quotes
“The GBP also succumbed to a firmer dollar on Thursday with the pair relapsing from highs near 1.5000 with the pair likely to head into the end of the week on a downbeat note.”
“Look to the greenback for further cues with little in the way of fresh domestic impetus for now, and the pivotal junction at 1.4800, if violated, may shine the way to a lower 1.4700- 1.4750 range.”