What is the technical outlook for GBP/USD? Here is their view, courtesy of eFXdata: UOB Research discusses GBP/USD technical outlook and sees a scope for a move towards 1.4240 ahead of 1.4377. “The prospect for GBP/USD to move clearly above 1.4240 is not high for now but it would increase as long as GBP/USD does not breach the rising trend-line (currently at 1.3760),” UOB notes. “Looking ahead, the next resistance above 1.4240 is at the 2018 high of 1.4377. From the perspective of longer than 3 months, the outlook for GBP/USD is deemed to be positive as long as the 55-week exponential moving average is not breached,” UOB adds. For lots more FX trades from major banks, Â sign up to eFXplusBy signing up for eFXplus via the link above, you are directly supporting Forex Crunch. Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher Daily Look share Read Next NZD/USD to stop its decline at 0.71, rally set to resume – Westpac FX Street 1 year What is the technical outlook for GBP/USD? Here is their view, courtesy of eFXdata: UOB Research discusses GBP/USD technical outlook and sees a scope for a move towards 1.4240 ahead of 1.4377. "The prospect for GBP/USD to move clearly above 1.4240 is not high for now but it would increase as long as GBP/USD does not breach the rising trend-line (currently at 1.3760)," UOB notes. "Looking ahead, the next resistance above 1.4240 is at the 2018 high of 1.4377. From the perspective of longer than 3 months, the outlook for GBP/USD is deemed to be positive as long as the… 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.
