GBP/USD to pressure 1.5590 support – UOB

FXStreet (Barcelona) - The UOB Group Research Team note that the unexpected weakness in GBP is anticipated to pressure the major support at 1.5590 level.

Key Quotes

“The unexpected GBP weakness is expected to pressure the major support at 1.5590. At this stage, a move below this level is not likely to be sustainable (next support at 1.5560). However, only a break back above 1.5680 would indicate that the downward pressure has eased. “