19 Aug 2014
SEB: GBP/USD still looking to sell 1.6750-ish - eFXnews
FXStreet (Łódź) - The eFXnews team remark that SEB expect the GBP/USD to make its final move up to 1.6750 soon.
Key quotes
"The past 24hours looks like a minor bullish congestion so there's probably just a matter of time before we make the final step higher, up to the mid-body point of the latest falling benchmark candle 1.6750."
"Ideally offers should be lining up in the area and the pair turning lower, resuming the underlying bear trend."
'This content has been provided under specific arrangement with eFXnews.'
Key quotes
"The past 24hours looks like a minor bullish congestion so there's probably just a matter of time before we make the final step higher, up to the mid-body point of the latest falling benchmark candle 1.6750."
"Ideally offers should be lining up in the area and the pair turning lower, resuming the underlying bear trend."
'This content has been provided under specific arrangement with eFXnews.'