<\/p>\n
The Pound Sterling (GBP) could rise and potentially reach 1.3450; the next resistance at 1.3480 is unlikely to come into view. Boost in momentum indicates further GBP strength; the next level to watch is 1.3480, UOB Group FX strategists Quek Ser Leang and Peter Chia note.<\/p>\n
24-HOUR VIEW: \u201cWhile we expected GBP to strengthen yesterday, we indicated that it \u2018is unlikely to reach the major resistance at 1.3400.\u2019 The anticipated advance exceeded our expectations, as GBP soared and broke clearly above 1.3400. GBP continues to rise in early Asian trade today, and it could potentially reach 1.3450. The next resistance at 1.3480 is unlikely to come into view. Support levels are at 1.3400 and 1.3365.\u201d<\/p>\n
1-3 WEEKS VIEW: \u201cYesterday (24 Sep, spot at 1.3345), we highlighted after the price movements on Monday, \u2018there has only been a slight increase in momentum, and it remains to be seen if GBP can break above the significant resistance at 1.3400.\u2019 We were surprised by the ease with which GBP broke above 1.3400. The boost in momentum indicates further GBP strength is likely. The next level to watch is 1.3480. On the downside, if GBP breaches 1.3330 (\u2018strong support\u2019 level previously at 1.3250), it would mean that the GBP strength from early last week has come to an end.\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The Pound Sterling (GBP) could rise and potentially reach 1.3450; the next resistance at 1.3480 is unlikely to come into view. Boost in momentum indicates further GBP strength; the next level to watch is 1.3480, UOB Group FX strategists Quek Ser Leang and Peter Chia note. Above 1.3450 GBP can reach 1.3480 24-HOUR VIEW: \u201cWhile […]<\/p>\n","protected":false},"author":2,"featured_media":9633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,641,255,250,252,247,253,249,308,256,254],"class_list":["post-355655","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-gbpusd","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/355655","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=355655"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/355655\/revisions"}],"predecessor-version":[{"id":355656,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/355655\/revisions\/355656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/9633"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=355655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=355655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=355655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}