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8 Jan 2015
GBP/USD lacks any stabilization signs, might se 1.49 levels – SG
FXStreet (Barcelona) - Analysts at Societe Generale, note that GBP/USD correction might see the pair extend its downtrend towards 1.49 levels.
Key Quotes
“GBP/USD is undergoing a complex correction and is likely to extend the downtrend towards 1.49. Monthly indicator has given a negative crossover and shows further correction.”
“Short term upside, if any, should be capped at 1.5655. For the day, the pair will drift lower towards 1.51. Upside should be confined to 1.5230. “
Key Quotes
“GBP/USD is undergoing a complex correction and is likely to extend the downtrend towards 1.49. Monthly indicator has given a negative crossover and shows further correction.”
“Short term upside, if any, should be capped at 1.5655. For the day, the pair will drift lower towards 1.51. Upside should be confined to 1.5230. “