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SEB: GBP/USD challenging the 1.4970/1.5008 resistance - eFXnews

FXStreet (Barcelona) - The eFXnews Team shares SEB’s intraday technical outlook for GBP/USD, with SEB viewing a high probability of a move above 1.5008.

Key Quotes

“After four consecutive days higher the pair now stands ready to challenge the resistance in the 1.50-area. The probability for at least an attempt above 1.5008 must be regarded high but this resistance in the 55d ma band will be a real obstacle to a sustained move higher (but ending today above 1.4981 = a bullish key week reversal = enhanced risk of a more profound correction).”

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