{"id":170728,"date":"2023-10-09T11:53:46","date_gmt":"2023-10-09T06:23:46","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=170728"},"modified":"2023-10-09T11:53:46","modified_gmt":"2023-10-09T06:23:46","slug":"gbp-usd-sticks-to-the-range-bound-theme-uob-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/gbp-usd-sticks-to-the-range-bound-theme-uob-crypto-news\/","title":{"rendered":"GBP\/USD sticks to the range bound theme \u2013 UOB – Crypto News"},"content":{"rendered":"

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In the view of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, GBP\/USD<\/strong><\/a> is still seen navigating the 1.2030-1.2270 rang for the time being.<\/p>\n

Key Quotes<\/h2>\n
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24-hour view:\u00a0We highlighted last Friday that GBP \u201ccould rise above 1.2230, but it is unlikely to be able to maintain a foothold above this level.\u201d We also highlighted that \u201cthe major resistance at 1.2270 is unlikely to come under threat.\u201d However, the price action did not develop as we anticipated. In NY trade, GBP plunged to a low of 1.2107 and then lifted off to surge to a high of 1.2262. From here, the outlook is unclear, and GBP could trade in a relatively broad range of 1.2130\/1.2270 today.\u00a0<\/p>\n<\/blockquote>\n

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Next 1-3 weeks:\u00a0In our latest narrative from last Thursday (05 Oct, spot at 1.2140), we highlighted that the recent downward momentum buildup has faded and the current price movement is likely part of a range-trading phase. We expected GBP to trade between 1.2030 and 1.2270. There is no change in our view. Looking ahead, if GBP breaks clearly above 1.2270, it could trigger a recovery to 1.2350.\u00a0<\/p>\n<\/blockquote><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: In the view of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, GBP\/USD is still seen navigating the 1.2030-1.2270 rang for the time being. Key Quotes 24-hour view:\u00a0We highlighted last Friday that GBP \u201ccould rise above 1.2230, but it is unlikely to be able to maintain a foothold […]<\/p>\n","protected":false},"author":2,"featured_media":10256,"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-170728","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\/170728","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=170728"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/170728\/revisions"}],"predecessor-version":[{"id":170729,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/170728\/revisions\/170729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/10256"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=170728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=170728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=170728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}