FX Strategists at UOB Group suggested Cable should remain within a rangebound theme, likely between 1.3050 and 1.3250. Key Quotes 24-hour view: “Instead of extending its rebound (as expected yesterday), GBP eased off quickly after touching a high of 1.3159. Indicators are mostly neutral now which suggests GBP is likely to trade sideways from here. Expected range for today; 1.3050/1.3140″. Next 1-3 weeks: “While GBP broke the major 1.3040/50 support zone last week, the decline was short-lived as it staged a robust rebound after touching a low of 1.2958 last Thursday (19 Jul). The choppy price action has resulted in a mixed outlook and we continue to hold a neutral stance for now and expect GBP to continue to trade in a relatively volatile manner, likely within a broad 1.3050/1.3250 range”. 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 Russia’s Rosneft CEO: Brent could reach $ 80/ barrel by year-end FX Street 5 years FX Strategists at UOB Group suggested Cable should remain within a rangebound theme, likely between 1.3050 and 1.3250. Key Quotes 24-hour view: "Instead of extending its rebound (as expected yesterday), GBP eased off quickly after touching a high of 1.3159. Indicators are mostly neutral now which suggests GBP is likely to trade sideways from here. Expected range for today; 1.3050/1.3140". Next 1-3 weeks: "While GBP broke the major 1.3040/50 support zone last week, the decline was short-lived as it staged a robust rebound after touching a low of 1.2958 last Thursday (19 Jul). The choppy price action has resulted in… 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.
