• GBP/USD: Move through 1.2550 needed to suggest more sustainable gains – Scotiabank

Notícias do Mercado

19 setembro 2023

GBP/USD: Move through 1.2550 needed to suggest more sustainable gains – Scotiabank

GBP/USD is holding a narrow consolidation range between support at 1.2370 and resistance at 1.2410. Economists at Scotiabank analyze Cable’s outlook.

A clear move through the low 1.24s will ease broader, bearish pressure

Short-term trend dynamics are bearish which should limit the scope for gains in the near term. 

A clear move through the low 1.24s will ease broader, bearish pressure on the Pound but gains through 1.2550 are needed to suggest more sustainable gains. 

The broader trend appears bearish still.

See: The downtrend in Sterling is likely to continue – Commerzbank

USD/CAD: Losses through the upper 1.34 area point to more weakness in the near-term – Scotiabank
EUR/USD: A clear push through the 1.0765 point would be a bullish, short-term cue – Scotiabank
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