- GBP/USD Strong risk of additional weakness towards the 1.17/1.18 zone – Scotiabank
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3 tháng 10 2023
GBP/USD Strong risk of additional weakness towards the 1.17/1.18 zone – Scotiabank
The GBP/USD pair tests retracement support just below 1.21. Economists at Scotiabank analyze Cable’s technical outlook.
Resistance is seen at 1.2115
Cable losses are probing the 38.2% retracement of the past year’s rally (at 1.2075).
Solidly bearish trend momentum suggests the strong risk of additional weakness on a clear push through support towards the 1.17/1.18 zone – congestion from earlier this year and the 50% retracement (1.1746).
Resistance is 1.2115.
See:
- GBP/USD set to test the 1.20 level – ING
- GBP/USD: 1.20 test inevitable? – SocGen
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