#GBPUSD @ 1.12886 : Break above 1.1395/1.1400 to clear the way towards 1.15/1.17 – Scotiabank
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
GBP/USD is trading on a relatively firm basis. However, the pair is still struggling to break above resistance in the 1.1395/00 area. A break above here is needed to propel cable towards the 1.15/15 region, economists at Scotiabank report.
“A break above the 1.1395/1.1400 area could change short-term dynamics an put the pound on course for a 1.15/1.17 test.”
“If the 1.1395/1.1400 resistance holds, GBP/USD may slip back to 1.11/1.12.”
See – GBP/USD: Resistance at 1.1480 /1.1500 to cap the recovery – Credit Suisse
[/s2If]
Join Our Telegram Group
