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- GBP/USD to reinforce its leg higher on a weekly close above 1.32 – Scotiabank
GBP/USD to reinforce its leg higher on a weekly close above 1.32 – Scotiabank
GBP/USD has failed to recoup the 1.32 handle. Cable needs to close the week above the latter to reinforce its drive higher, economists at Scotiabank report.
Support under the 1.3150/60 zone is at 1.3120
“A convincing break above the 1.32 mark and a close above it for the week would reinforce the pound’s drive higher since mid-month.”
“Resistance past the figure and ~1.3215 is the mid-1.32s, while support under the ~1.3150/60 zone is 1.3120 and 1.3100/10.”
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