Cable is seen attempting a consolidation move ahead of a potential drop to the. Mid-1.2600s, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday that GBP ‘could drift downwards but any weakness is viewed as part of lower trading range of 1.2650/1.2760’. Our expectation did not materialize as GBP traded in a relatively quiet manner between 1.2692 and 1.2780. Momentum indicators are turning ‘neutral’ and GBP could continue to trade sideways for today, expected to be within a 1.2700/1.2800 range.” Next 1-3 weeks: “Two days ago (23 Sep, spot at 1.2745), we highlighted that ‘downward momentum has improved considerably and GBP could weaken to further to 1.2650’. GBP subsequently dropped to a low of 1.2676 but it has not been able to make further headways on the downside. Shorter-term momentum is beginning to ease and this could lead to a couple of days of consolidation first. As long as the ‘key resistance’ at 1.2830 is not taken out, another down-leg towards 1.2650 is still a distinct possibility.” 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 Ethereum Price Analysis: ETH faces short-term bearish correction at $350 FX Street 2 years Cable is seen attempting a consolidation move ahead of a potential drop to the. Mid-1.2600s, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday that GBP ‘could drift downwards but any weakness is viewed as part of lower trading range of 1.2650/1.2760’. Our expectation did not materialize as GBP traded in a relatively quiet manner between 1.2692 and 1.2780. Momentum indicators are turning ‘neutral’ and GBP could continue to trade sideways for today, expected to be within a 1.2700/1.2800 range.” Next 1-3 weeks: “Two days ago (23 Sep, spot at 1.2745), we highlighted that ‘downward momentum… 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.
