A target of 1.4005 on GBP/USD from Barclays.

Home / Barclays / A target of 1.4005 on GBP/USD from Barclays. FORECAST

Barclays analysts turned even more bearish on GBP/USD after the pair fell below the support level of 1.4340 “and signal a double-top under the 1.4770 highs.”

“Our initial targets are towards the 1.4090 area. A move below there would signal downside towards 1.4005” written in the report.

As of 9:02 AM EDT the pair was trading at 1.4167, down 0.32% from the previous close.

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