Note

GBP/USD: IMMEDIATE RISK IS GEARED TOWARDS A DROP BACK TO 1.2500/1.2525 – SCOTIABANK

guntur360
· Views 39



GBP/USD trades weaker below the 1.2600 range base. Economists at Scotiabank analyze the pair’s outlook.

Negative technical cloud over the Pound

A bearish close for the Pound Sterling (GBP) on Friday (outside range lower) and Cable losses below 1.2600, lows that have held several times since mid-December, cast a negative technical cloud over the GBP/USD pair. 

Immediate risk for the Pound is geared towards a drop back to 1.2500/1.2525. 


Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.

Content related