- Analytics
- News and Tools
- Market News
- GBP/USD: Potential to test the mid-1.27s – Scotiabank
GBP/USD: Potential to test the mid-1.27s – Scotiabank
GBP/USD rebounds to 1.27. Economists at Scotiabank analyze the pair’s outlook.
Gains through 1.28 would be a bullish cue for the GBP rally to resume towards 1.29/1.30
The dip in the GBP Friday extended Monday but steadied in the mid-1.26s to keep the intraday DMI bullish.
Daily and weekly oscillators remain bullishly aligned for the GBP. Minor gains above 1.2705 are lifting the intraday tone a little and suggest potential for spot to test the mid-1.27s.
Gains through 1.28 (new cycle highs) would be a bullish cue for the GBP rally to resume towards 1.29/1.30.
© 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
