GBP/USD to tank towards 1.3570 on a break below 1.3750 - SocGen

Market news

13 August 2021

GBP/USD to tank towards 1.3570 on a break below 1.3750 - SocGen

FXStreet reports that economists at Société Générale expect the GBP/USD to tackle the 1.3750 level.

“GBP/USD struggled near the daily Ichimoku cloud at 1.4000 after which a pullback is underway.”

“Cable is gradually drifting towards 200-DMA near 1.3750. In case this gets violated, the pair could retest last month's low of 1.3570.”

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