FX

GBP/USD to grind higher towards 1.3820/25 after eroding the 1.3750 resistance – Scotiabank

The GBP has taken advantage of the modestly softer USD tone to revisit the mid 1.37s. Above here, the cable would target the 1.3820/25 region, economists at Scotiabank report.

Trend signals are mixed

“We spot minor resistance at 1.3750, with gains through here targeting 1.3820/25.”

“Trend signals are mixed and not supportive of a stronger move up in the GBP at this point, however.”

Articles You May Like

GBPUSD falls back to 100 hour MA, swing area.
Oil inches up amid wrangling over Russian oil price cap
USD/CAD Price Analysis: Buyers stepped in around weekly lows on risk aversion
Zoom shares drop on light forecast as company faces ‘heightened deal scrutiny’
Dollar Extending Recovery, Euro and Sterling Soften

Leave a Reply

Your email address will not be published. Required fields are marked *