- GBP/USD to see renewed test of 1.2450 on gains through 1.2310 – Scotiabank
Market news
14 tháng 11 2023
GBP/USD to see renewed test of 1.2450 on gains through 1.2310 – Scotiabank
GBP/USD trades slightly higher. Economists at Scotiabank analyze the pair’s outlook.
Charts lean bullish
Technical signals are leaning bullish after a solid day for the Pound on Monday.
A clear net gain on the day formed the third leg of a bullish ‘morning star’ pattern on the daily candle chart, with the base developing around the 40-Day Moving Average support for Cable (1.2207).
Gains through 1.2310 target a renewed test of 1.2450.
See: GBP likely to remain in a narrow trading range – MUFG
Market Focus
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 disclaimerOpen Demo Account & Personal Page