GBP/USD: Door open to a probable test of 1.2800 – UOB
31.08.2023, 06:01

GBP/USD: Door open to a probable test of 1.2800 – UOB

Further upside could prompt GBP/USD to revisit the 1.2800 region in the next few weeks, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.

Key Quotes

24-hour view: Yesterday, when GBP was trading at 1.2635, we highlighted that “as long as GBP does not break below 1.2580, it could rise further. However, we were of the view that “there does not appear to be enough momentum for GBP to break the major resistance at 1.2685.” While GBP strengthened as expected, the advance exceeded our expectations considerably. GBP soared to a high of 1.2746 before closing higher by 0.59% (NY close of 1.2719), its biggest 1-day gain in more than a month. Further GBP strength is not ruled out, but there does not appear to be enough momentum for it to reach 1.2800 today (there is a minor resistance at 1.2760). On the downside, if GBP breaks below 1.2655 (minor support is at 1.2685), it would indicate that it is not advancing further.  

Next 1-3 weeks: We highlighted yesterday (30 Aug, spot at 1.2635) that “the likelihood of GBP declining further has diminished.” We added, “a breach of 1.2685 would indicate that GBP is likely to trade in a range instead of declining further.” In NY trade, GBP not only broke above 1.2685, it also surged and closed sharply higher by 0.59% (NY close of 1.2719). The rapid increase in momentum suggests that instead of trading in a range, there is a chance for GBP to rise to 1.2800, with a lower possibility of reaching 1.2845. To maintain its current momentum, GBP must not drop below 1.2630 (‘strong support’ level). 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik