GBP/USD could test the 1.5170 area – OCBC Bank

By FXStreet FXStreet (Edinburgh) – Strategist Emmanuel Ng at OCBC Bank sees the likeliness of the pair re-visiting the 1.5170 area.

Key Quotes

“Post Jackson Hole and with BOE rate expectations still wavering, the GBP-USD may retain a heavy bias after the long weekend and as we head into a week rife with event/data risks”.

“Any success at detaching from the 200-day MA (1.53366) may see the 1.5170 floor threatened multisession”.
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Source:: FX Street