RSS GBP/USD: Set to face significant support at 1.2100 – UOB Group

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 RSS GBP/USD: Set to face significant support at 1.2100 – UOB Group

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The Pound Sterling (GBP) is likely to trade in a 1.2150/1.2275 range. In the longer run, deeply oversold conditions signal GBP could trade in a range for a couple of days; any decline is expected to face significant support at 1.2100, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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