Quek Ser Leang, a market strategist at UOB's Global Economic and Market Research Department in Singapore, stated that from the weekly chart, the British Pound against the US Dollar may continue to decline. As the 21-week Index Moving Average falls below the 55-week Index Moving Average, it is expected that the British Pound against the US Dollar will continue to trend downward in the coming weeks. He added that an important weekly Resistance level is set at the September 2023 low of 1.2039.
新加坡大华银行:英镑兑美元可能继续下跌
UOB Singapore: The British Pound against the US Dollar may continue to decline.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.