GBP/USD expected to move towards 1.5875 - UOB Group

FXStreet (Łódź) - The Market Strategy Team at UOB Group see the possibility of GBP/USD's sustained decline towards 1.5875 area.

Key Quotes

"Downward momentum continues to improve and this bodes well for our bearish view targeting a move towards 1.5875."

"The current key resistant is still at 1.6110 but 1.6050 is already a strong intermediate resistant."