GBP/USD upmove incomplete – UOB

FXStreet (Barcelona) - Analysts at UOB Group, anticipate a GBP/USD move to the upside towards 1.5030.

Key Quotes

“The anticipated rebound in GBP was stronger than expected as it surged above the 1.4870 resistance to reach a high of 1.4989.”

“The up-move appears incomplete and is expected to extend to 1.5030.”

“Strong support is at 1.4890.”