Flash: GBP/USD momentum to deteriorate? - UOB Group

FXStreet (Barcelona) - Market Strategists at UOB Group note that GBP/USD momentum indicators continue to deteriorate with the current sideway consolidation.

Key Quotes

“As long as the strong short-term resistant at 1.6740 is intact, GBP still appears to be vulnerable to a deeper pullback before further mid-term gains can be expected. However, only a break below 1.6570 will suggest a move towards 1.6445.”