#GBPUSD @ 1.19533 GBPUSD: Clear path towards the 1.20/1.21 range in the near term – Scotiabank
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Sterling is one of the better performers today. Economists at Scotiabank note that the GBPUSD pair could climb as high as 1.20/21.
“Sterling’s extension to new cycle highs keeps the technical tone here very constructive as well.”
“Now, gains through key technical resistance in the upper 1.17 zone mean there is little – technically, at least – in the way of a further rise to the 1.20/1.21 range in the near term.”
“Key support now is seen at 1.1765/75.”
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