FXstreet.com (Barcelona) – Quek Ser Leang, Market Strategist at UOB Group suspects that major GBP/USD resistance at 1.6260 will likely come under threat this week.
“Improving momentum suggests that the resistant at 1.6260 will likely come under threat this week.”
“However, even a break above 1.6260 will likely be limited to 1.6330 ahead of the year’s high at 1.6380. Only a move below last week’s low at 1.6060 will suggest that the bullish view is wrong.”
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