- Analytics
- News and Tools
- Market News
- GBP/USD has the 200-DMA at 1.3848 in its crosshairs – Scotiabank
GBP/USD has the 200-DMA at 1.3848 in its crosshairs – Scotiabank
The GBP/USD pair is making some clear headway above the 1.38 area. A test of the 200-day moving average (DMA) at 1.3848 is on the radar, economists at Scotiabank report.
Short-term cable bullish
“OIS pricing does reflect a minor check in the recent firming in rate hike expectations but this likely reflects broader market moves rather than any real doubts about the BoE outlook at this point we remain constructive on the GBP on the crosses.”
“We are cautious about reading too much into developments but the GBP enjoys the backing of solid trend oscillators on the intraday and daily studies and is trading well through key, short-term MA signals which puts the 200-DMA at 1.3848 on the radar.”
“Key resistance is 1.3913, the mid-September high.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
