- Analytics
- News and Tools
- Market News
- GBP/USD: Underlying trend looks constructive, resistance seen at 1.2220 – Scotiabank
GBP/USD: Underlying trend looks constructive, resistance seen at 1.2220 – Scotiabank
GBP/USD finds firm support in low 1.21 region. Economists at Scotiabank expect the pair to continue trading on a solid foot.
Intraday support is 1.2085/95
“Fundamental news is thin on the ground and what little there is is not that encouraging (lower house prices, more strikes on the way), suggesting gains are perhaps more technically inspired than anything else today, at least.”
“The underlying trend in the Pound looks constructive – higher highs and higher lows on the daily chart – with Pound also supported by constructive trend momentum signals.”
“Intraday support is 1.2085/95. Resistance is 1.2220.”
© 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
