GBP/USD: Possible reversal of recent losses on acceptance above 1.3550 – Scotiabank GBPUSD Banks
is coming back from a minor drop under 1.35. However, only a break above the 1.3550 region would alleviate downside pressure on the cable, economists at Scotiabank report.“Cable will have to climb back above ~1.3550 to show signs of a possible reversal of recent losses – and a continuation of its gains since late-Jan.”
“Support after the figure zone is ~1.3475 and then the mid-1.34s where the 50-day MA of 1.3440 also stands.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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