GBP/USD: Bullish, 1.5720 target – UOB

By FXStreet FXStreet (Guatemala) – Analysts at UOB Group offered a trade set up in GBP/USD.

Key Quotes:

“Portfolio wise, the long GBP/USD at 1.5565 cash position which we initiated overnight started well, touching intra-day high of 1.5659 (hitting our first
target of 1.5640) before easing off back to entry later part of the session. We have since adjusted the target higher to 1.5720 while keeping the stop at 1.5460.”
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Source:: FX Street