British Pound Could Continue Downtrend Vs. Singapore Dollar, Chart Shows -- Market Talk

Dow Jones

2025/01/14

0759 GMT - British pound could continue its downtrend against the Singapore dollar, based on the weekly chart, says Quek Ser Leang at UOB's Global Economics & Markets Research in a research report. After breaking decisively below significant support at 1.6900 last week, the pound declined further versus the Singapore dollar on Monday, the markets strategist notes. While short-term conditions are deeply oversold, weekly stochastics haven't reached oversold territory just yet, the strategist says. Also, the 21-week exponential moving average is set to cross below the 55-week EMA, suggesting more weakness ahead. The pound could potentially reach major support against the Singapore dollar in 1.6500-1.6530 area, the strategist adds. GBP/SGD is little changed at 1.6715. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 14, 2025 02:59 ET (07:59 GMT)

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(ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 14, 2025 02:59 ET (07:59 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>British Pound Could Continue Downtrend Vs. 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Singapore Dollar, Chart Shows -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-14 15:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0759 GMT - British pound could continue its downtrend against the Singapore dollar, based on the weekly chart, says Quek Ser Leang at UOB's Global Economics &amp; Markets Research in a research report. After breaking decisively below significant support at 1.6900 last week, the pound declined further versus the Singapore dollar on Monday, the markets strategist notes. While short-term conditions are deeply oversold, weekly stochastics haven't reached oversold territory just yet, the strategist says. Also, the 21-week exponential moving average is set to cross below the 55-week EMA, suggesting more weakness ahead. The pound could potentially reach major support against the Singapore dollar in 1.6500-1.6530 area, the strategist adds. GBP/SGD is little changed at 1.6715. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 14, 2025 02:59 ET (07:59 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B66KJ199.SGD","symbol_name":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503449517","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503449517","pubTimestamp":1736841540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0759 GMT - British pound could continue its downtrend against the Singapore dollar, based on the weekly chart, says Quek Ser Leang at UOB's Global Economics & Markets Research in a research report. After breaking decisively below significant support at 1.6900 last week, the pound declined further versus the Singapore dollar on Monday, the markets strategist notes. While short-term conditions are deeply oversold, weekly stochastics haven't reached oversold territory just yet, the strategist says. Also, the 21-week exponential moving average is set to cross below the 55-week EMA, suggesting more weakness ahead. The pound could potentially reach major support against the Singapore dollar in 1.6500-1.6530 area, the strategist adds. GBP/SGD is little changed at 1.6715. 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After breaking decisively below significant support at 1.6900 last week, the pound declined further versus the Singapore dollar on Monday, the markets strategist notes. While short-term conditions are deeply oversold, weekly stochastics haven't reached oversold territory just yet, the strategist says. Also, the 21-week exponential moving average is set to cross below the 55-week EMA, suggesting more weakness ahead. The pound could potentially reach major support against the Singapore dollar in 1.6500-1.6530 area, the strategist adds. GBP/SGD is little changed at 1.6715. 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