Cable remains firm and could advance to the mid-1.3700s in the short-term horizon, according to FX Strategists at UOB Group. Key Quotes 24-hour view: “While GBP rose to a fresh high of 1.3686 last Thursday (31 Dec), upward momentum has not improved by much. From here, GBP could move above the major resistance at 1.3700 but a sustained rise above this level is unlikely (next resistance is at 1.3750). Support is at 1.3635 followed by 1.3600.” Next 1-3 weeks: “GBP closed on a relatively strong note last Thursday (1.3662, +0.26%). Upward momentum has improved, albeit not by all that much. Overall, the outlook for GBP appears to be slightly positive and GBP could advance towards 1.3750. On the downside, a break of 1.3560 (‘strong support’ level) would indicate that the current upward pressure has eased.” 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 Gold Price Analysis: Overbought RSI probes XAU/USD bulls at eight week tops above $1,900 FX Street 1 year Cable remains firm and could advance to the mid-1.3700s in the short-term horizon, according to FX Strategists at UOB Group. Key Quotes 24-hour view: “While GBP rose to a fresh high of 1.3686 last Thursday (31 Dec), upward momentum has not improved by much. From here, GBP could move above the major resistance at 1.3700 but a sustained rise above this level is unlikely (next resistance is at 1.3750). Support is at 1.3635 followed by 1.3600.” Next 1-3 weeks: “GBP closed on a relatively strong note last Thursday (1.3662, +0.26%). Upward momentum has improved, albeit not by all that much.… 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.
