In opinion of FX Stragists at UOB Group, Cable’s downside looks mitigated and it should trade within a sideline theme instead in the next weeks. Key Quotes 24-hour view: “Expectation for GBP to “test 1.2900″ did not materialize as it traded in a relatively quiet manner between 1.2816 and 1.2873. Momentum indicators are mostly ‘neutral’ now and GBP is likely to continue to trade sideways, expected to be between 1.2820 and 1.2880″. Next 1-3 weeks: “GBP traded in a relatively quiet manner as it traded within a 1.2816/1.2873 range. The price action is in line with our view from yesterday (12 Nov, spot at 1.2855) wherein GBP “is deemed to have move back into a sideway-trading phase”. In other words, we continue to expect GBP to trade sideways between 1.2770 and 1.2930 for a period”. 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 UK CPI eases more than expected to 1.5% YoY rate in October – GBP/USD moves little FX Street 3 years In opinion of FX Stragists at UOB Group, Cable's downside looks mitigated and it should trade within a sideline theme instead in the next weeks. Key Quotes 24-hour view: "Expectation for GBP to "test 1.2900" did not materialize as it traded in a relatively quiet manner between 1.2816 and 1.2873. Momentum indicators are mostly 'neutral' now and GBP is likely to continue to trade sideways, expected to be between 1.2820 and 1.2880". Next 1-3 weeks: "GBP traded in a relatively quiet manner as it traded within a 1.2816/1.2873 range. The price action is in line with our view from yesterday… 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.
