• GBP/USD: Likely to strengthen above 1.3100/05 to retest 1.3145/50 – Scotiabank

Noticias del mercado

17 julio 2023

GBP/USD: Likely to strengthen above 1.3100/05 to retest 1.3145/50 – Scotiabank

GBP/USD consolidates as drift from the mid-1.31 area slows. Economists at Scotiabank analyze the pair’s outlook.

A bull flag pattern appears to be developing

Price action suggests that the Pound’s drift off last week’s high may be trying to base in the upper 1.3000s now. Spot looks to be consolidating the solid rise seen last week – and through July overall.

A bull flag pattern appears to be developing on the intraday chart. 

Support is 1.3050/60. 

Resistance is 1.3100/05, with the Pound likely to strengthen above here to retest 1.3145/50.

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: