Flash: GBP/USD outlook still positive - UOB Group

FXStreet (Barcelona) - Quek Ser Leang, Market Strategist at UOB Group notes that the immediate GBP/USD target highlighted at 1.6770 previously was met with an overnight high of 1.6778.

Key Quotes

“While the outlook is still positive, weak upward momentum suggests limited upside potential for now.”

“The key support has edged higher to 1.6650 and this level is expected to hold but any further up-move will likely struggle near last month’s peak at 1.6823.”