The GBP/USD pair dipped toes below the 1.3800 level before closing above. Economists at OCBC Bank expect the cable to tackle the 200-day moving average (DMA) at 1.3779.
See: GBP/USD to plummet towards the 1.3571 July low – Commerzbank
Re-engage downside
“The 200-DMA (1.3779) remains the immediate target, followed by 1.3732.”
“Expect the pair to continue reversing the gains made from 1.3600 to 1.4000 in July.”
