7 Aug 2013
Flash: GBP/USD trading range remains dominant - ANZ
FXstreet.com (Barcelona) - ANZ analysts comment that despite concern over the slip through 1.5000, the broader 1.48-1.58 range for GBP/USD remained intact and should now be seen as more entrenched.
Key Quotes
“Current rebounds appear impulsive, but are still seen as range redefining.”
“If dips hold the 1.5215-50 area, another push to 1.5600 (possibly 1.5800) may develop, but (in the same way that slippage to 1.5000 was an opportunity to buy) this should be seen as an opportunity to sell as the range continues.”
Key Quotes
“Current rebounds appear impulsive, but are still seen as range redefining.”
“If dips hold the 1.5215-50 area, another push to 1.5600 (possibly 1.5800) may develop, but (in the same way that slippage to 1.5000 was an opportunity to buy) this should be seen as an opportunity to sell as the range continues.”