GBP/USD in bearish mode - UOB Group

FXStreet (Łódź) - The Market Strategy Team at UOB Group expect GBP/USD to retain bearish momentum towards the 1.5875 low.

Key Quotes

"The break of the key support at 1.5995 earlier this morning has shifted the outlook for this pair to bearish targeting a move towards the 1.5875 low seen earlier this month."

"Only a move back above the key resistant at 1.6110 would indicate that the bearish view is wrong."