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14 May 2015
GBP/USD: 1.5820 bulls target - UOB
FXStreet (Guatemala) - Analysts at UOB Group explained the bullish technical conditions surrounding GBP/USD.
Key Quotes:
"The overnight high of 1.5768 did not reach the 1.5820 target. However, the uptrend is still intact and 1.5820 looks achievable in the next few days."
"Stop-loss continues to move higher to 1.5560 (from 1.5500 yesterday)
but 1.5630 is likely strong enough to hold any pull-back."
Key Quotes:
"The overnight high of 1.5768 did not reach the 1.5820 target. However, the uptrend is still intact and 1.5820 looks achievable in the next few days."
"Stop-loss continues to move higher to 1.5560 (from 1.5500 yesterday)
but 1.5630 is likely strong enough to hold any pull-back."