SEB: GBP/USD near-term below 1.60 - eFXnews

FXStreet (Łódź) - The eFXnews team comment that SEB see GBP/USD remaining below the 1.60 level in the nearest future, following another strong decline on Tuesday.

Key quotes

"Short-term conditions may be stretched, but few cares and the medium-term mid-Oct'13 reaction low of 1.5854 is fully in sight (below which 1.5785/75 & 1.5753 would come into play)."

"A prior near-term low & yesterday's mid-body point provides local resistance around 1.60."

"Current intraday stretches are located at 1.5854 & 1.6005."

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