8 Jul 2015
SEB: GBP/USD vulnerable to more downside – eFXnews
FXStreet (Barcelona) - The Technical Strategy Team at SEB Group, sees downside risks for GBP/USD, and expects EUR/GBP to move higher towards 0.7235, as noted by eFXnews.
Key Quotes
“The sterling got hit at both ends yesterday with cable falling and EUR/GBP rising and that despite the EZ turmoil! There will probably be more unloading for sterling longs near term and especially cable looks vulnerable to more weakness and especially so breaking below the moving average bands an event that will next open up for the key support at 1.5170.”
“EUR/GBP risks tracing out another big figure to the topside as the ideal correction target is located at 0.7235.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The sterling got hit at both ends yesterday with cable falling and EUR/GBP rising and that despite the EZ turmoil! There will probably be more unloading for sterling longs near term and especially cable looks vulnerable to more weakness and especially so breaking below the moving average bands an event that will next open up for the key support at 1.5170.”
“EUR/GBP risks tracing out another big figure to the topside as the ideal correction target is located at 0.7235.”
This content has been provided under specific arrangement with eFXnews.