3 Jul 2013
Flash: GBP/USD interim rebounds should be limited – ANZ
FXstreet.com (New York) - According to Head of Global Markets Research Tim Riddell at ANZ, “Although the GBP/USD remains in the 1.5175-1.5200 area that is supplying some support, interim rebounds should be relatively limited and should struggle in front of 1.5380-90.
Moreover, such rebounds ought to be seen in the context of redefining this year’s range and so subsequent slippage below 1.5175 should also be relatively limited and find support in front of 1.5000. “In other words, range trading to persist, so slippage to 1.5000 should be bought.” Riddell adds.
Moreover, such rebounds ought to be seen in the context of redefining this year’s range and so subsequent slippage below 1.5175 should also be relatively limited and find support in front of 1.5000. “In other words, range trading to persist, so slippage to 1.5000 should be bought.” Riddell adds.