Flash: GBP/USD may refrain from testing resistance levels - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that in the near term, GBP/USD may refrain from testing the resistance levels.

Key Quotes

“The pair may refrain from testing the 1.6400 and 1.6445 resistance levels, especially after the jump in the EUR/GBP overnight on the back of the ECB meeting.”

“Despite rate expectations surrounding the BOE and the recent run of supportive data releases, the pair may defer to US-centric directionality intra-day. Initial supports are expected towards 1.6300 and then towards 1.6285.”