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20 Sep 2013
Flash: Upside prospects; GBP/USD to maintain 1.6000 handle? – OCBC
FXstreet.com (London) - Emmanuel Ng suggests that the GBP/USD is a positive play with a bias above 1.6000.
Key Quotes:
“Despite the kick in the shins for the greenback, disappointing Aug retail sales numbers pared the GBP-USD somewhat on Thursday”.
“Our view for some near term capitulation in the pair panned out yesterday although we remain constructive on upside prospects multisession in the current environment”.
“A 1.6000-1.6200 band may prevail in the interim”.
Key Quotes:
“Despite the kick in the shins for the greenback, disappointing Aug retail sales numbers pared the GBP-USD somewhat on Thursday”.
“Our view for some near term capitulation in the pair panned out yesterday although we remain constructive on upside prospects multisession in the current environment”.
“A 1.6000-1.6200 band may prevail in the interim”.