GBP/USD: A sustained push above the late December peak at 1.2825 is needed to secure more gains – Scotiabank
The Pound Sterling (GBP) is trading on a comparatively firm footing. Economists at Scotiabank analyze Cable’s outlook.
Mark signals are bullish on the day-to-day chart and lean bullish on the weekly chart
Mark signals are bullish on the day-to-day chart (bullish birth air differ day Thursday) and lean bullish on the weekly chart, with the GBP attracting fixed enhance on dips underneath 1.2700 in the previous month.
A sustained push above the late December high at 1.2825 is wished to proper more good points, nonetheless. A clear switch better ought to accumulate Cable no longer off target to rally to 1.3000/1.3050.
Intraday enhance is 1.2720/1.2740.
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