#GBPUSD @ 1.24352 : Broader uptrend is set to resume – Scotiabank
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GBP/USD rebounds firmly from early week low. The pair is set to enjoy further gains, economists at Scotiabank report.
“Solid, short-term gains for Cable give the intraday charts a positive look.”
“GBP/USD gains through the low 1.24 zone break the short-term trend decline in the Pound off of last week’s high and suggest the broader uptrend in spot is set to resume.”
“Support is 1.2400/10. Resistance is 1.2515.”
See: GBP/USD may struggle to sustain a break above 1.25 this quarter – ING
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