{"id":168655,"date":"2023-10-05T11:38:55","date_gmt":"2023-10-05T06:08:55","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=168655"},"modified":"2023-10-05T11:38:55","modified_gmt":"2023-10-05T06:08:55","slug":"gbp-usd-now-seen-within-a-consolidative-range-uob-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/gbp-usd-now-seen-within-a-consolidative-range-uob-crypto-news\/","title":{"rendered":"GBP\/USD now seen within a consolidative range \u2013 UOB – Crypto News"},"content":{"rendered":"

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GBP\/USD<\/strong><\/a> is now expected to trade within the 1.2030-1.2270 range in the next few weeks, according to Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group.<\/p>\n

Key Quotes<\/h2>\n
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24-hour view:\u00a0We did not anticipate the sharp swings yesterday as GBP dropped briefly to 1.2039 and then rebounded strongly to a high of 1.2177 (we were expecting it to consolidate). The strong rebound has room to extend, but as upward momentum has not improved much, any advance is unlikely to reach 1.2200 (there is another resistance at 1.2170). Support is at 1.2110, followed by 1.2080.\u00a0<\/p>\n<\/blockquote>\n

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Next 1-3 weeks:\u00a0Our latest narrative was from two days ago (03 Oct, spot at 1.2090). We highlighted that \u201cthe recent GBP weakness has resumed, likely towards 1.2000.\u201d Yesterday, GBP dropped to 1.2039 and then rebounded strongly to take out our \u2018strong resistance\u2019 level of 1.2160. The breach of the \u2018strong resistance\u2019 indicates that the downward momentum buildup has faded. The current price movement is likely part of a range-trading phase, probably between 1.2030 and 1.2270. \u00a0<\/p>\n<\/blockquote><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: GBP\/USD is now expected to trade within the 1.2030-1.2270 range in the next few weeks, according to Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group. Key Quotes 24-hour view:\u00a0We did not anticipate the sharp swings yesterday as GBP dropped briefly to 1.2039 and then rebounded strongly to a […]<\/p>\n","protected":false},"author":2,"featured_media":7697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,276,641,255,250,277,252,247,253,249,256,254],"class_list":["post-168655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-gbpusd","tag-gta","tag-looks-rare","tag-majors","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/168655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=168655"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/168655\/revisions"}],"predecessor-version":[{"id":168656,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/168655\/revisions\/168656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/7697"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=168655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=168655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=168655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}