Cable is seen extending the rangebound theme in the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “GBP traded between 1.2827 and 1.2889 yesterday, wider than our expected sideway-trading range of 1.2825/1.2875. The firm closing in NY of 1.2882 (+0.27%) has improved the underlying tone. The bias from here is for further GBP strength even though the strong 1.2930 level is likely out of reach for today (minor resistance at 1.2910). Support is at 1.2855 followed by 1.2835″. Next 1-3 weeks: “While GBP closed slightly higher at 1.2882 yesterday (+0.26%), the price action lacks momentum. For now, we continue to hold the same view as from Tuesday (12 Nov, spot at 1.2855) wherein the current movement is part of a “sideway-trading phase”. In other words, we continue to expect GBP to trade between 1.2770 and 1.2930 for a while more”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Taiwan: Beneficiary of the trade war – ANZ FX Street 3 years Cable is seen extending the rangebound theme in the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: "GBP traded between 1.2827 and 1.2889 yesterday, wider than our expected sideway-trading range of 1.2825/1.2875. The firm closing in NY of 1.2882 (+0.27%) has improved the underlying tone. The bias from here is for further GBP strength even though the strong 1.2930 level is likely out of reach for today (minor resistance at 1.2910). Support is at 1.2855 followed by 1.2835". Next 1-3 weeks: "While GBP closed slightly higher at 1.2882 yesterday (+0.26%), the price action lacks momentum. For… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
