GBP: Favorable Tech Development; Scope For Catch-Up Strength N-Term – BTMU

BTMU FX Strategy Research notes that the outperformance of GBP as of late sands out as well driven in part by favorable technical developments.

In particular, BTMU notes that GBP/USD has finally broke back above resistance at the 1.3000-level before settling slightly lower which has created some scope for catch up strength in the near-term.

The developments support our anti-consensus outlook for cable to rise further towards the 1.3500-level by year end,” BYMU argues.

Source: BTMU Research

The article is published by one of the foremost sources of Forex trading information. Link to the original article above.

from eFXNews

from Online Forex Trading Resource
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