24 Sep 2013
Flash: GBP/USD may fatigue from positive macro trend - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that GBP/USD may show signs of bullish fatigue in the near term.
Key Quotes
“(GBP/USD) may still attempt to make the most of any USD sluggishness although we also detect some fatigue towards the positive macro trade that has propelled the pound higher in the last few weeks.”
“Expect consolidation around the 1.6000 neighborhood while 1.6090 should cap for now, with 1.5965 serving as interim support if the pair sinks below 1.6000.”
Key Quotes
“(GBP/USD) may still attempt to make the most of any USD sluggishness although we also detect some fatigue towards the positive macro trade that has propelled the pound higher in the last few weeks.”
“Expect consolidation around the 1.6000 neighborhood while 1.6090 should cap for now, with 1.5965 serving as interim support if the pair sinks below 1.6000.”