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Posted by
Two Blokes Jul 29 -
Filed in
Forex
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4 views
Conditions are deeply oversold, but there is no clear sign that Pound Sterling (GBP) weakness has stabilised against US Dollar (USD); any further decline is unlikely to reach 1.3300. In the longer run, price action continues to suggest GBP weakness; the next technical target is 1.3300, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
