GBP/USD: Solid support expected at 1.1730 – UOB – by pabspiovano GBPUSD Currencies Majors Banks
24-hour view: “The sharp and rapid drop in GBP last Friday is deeply oversold. While further GBP weakness is not ruled out, the downside risk appears to be limited, at least for today. To look at it another way, GBP could drop further but a sustained decline below July’s low near 1.1760 appears unlikely for now . Resistance is at 1.1850 followed by 1.1885.”
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