GBP/USD hitting key stop loss levels - UOB

FXStreet (Guatemala) - Analysts at UOB Group noted the conditions surrounding GBP/USD.

Key Quotes:

"The short-term downward momentum slowed quickly with the strong rebound."

"GBP is likely consolidating its recent sharp drop before moving lower again at a later stage."

"As long as the stop-loss at 1.5665 is not take out in the next few days, another leg lower to 1.5400 is still expected."