- Analytics
- News and Tools
- Market News
- GBP/USD set to challenge the 1.32 level again – Scotiabank
GBP/USD set to challenge the 1.32 level again – Scotiabank
GBP/USD is marginally stronger. The pair is currently trading in the positive territory around 1.3330. However, economists at Scotiabank expect cable to retest the 1.32 level.
GBP/USD faces resistance at 1.3360/70
“Cable staged a solid recovery from yesterday’s test of 1.32 (a new low since December) but still closed just below the 1.33 figure. Setting aside yesterday’s sharp drop, the GBP’s decline has lost steam near the figure as it neared oversold but continued downward pressure points to a firm break of the level to another (more sustained) test of 1.32; 1.3150 and 1.3135 follow as support.”
“The GBP/USD faces resistance at 1.3360/70 followed by 1.3390/400.”
© 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
