• GBP/USD: Quick push on through 1.2510 to open up gains to 1.26 – Scotiabank

Noticias del mercado

20 noviembre 2023

GBP/USD: Quick push on through 1.2510 to open up gains to 1.26 – Scotiabank

GBP/USD pushed higher to edge a little above 1.25 before easing back. Economists at Scotiabank analyze the pair’s outlook.

Cable should see firm support on dips

Sterling retains a firm undertone, backed by positive trend momentum on the short, medium and long-term DMIs. Intraday gains have stalled above 1.25 again, however, where the market peaked late last week and right on the 100-DMA. 

Intraday dips should remain well supported but loss of support at 1.2370 would imply potential for the Pound to slide back to the mid-1.22 area. 

A quick push on through 1.2510 removes that risk and targets gains to 1.26.

 

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: