GBP/USD: Gains through strong resistance at 1.2425 would be more generally constructive – Scotiabank GBPUSD Technical Analysis Banks
GBP/USD has found firm support in the low 1.23 zone over the past 24 hours. Economists at Scotiabank analyze the pair’s technical outlook.“Steady gains so far today suggest a mild improvement in its technical tone at least.”
“Resistance is 1.2395/00 and at 1.2425. Gains through the latter point would be more generally constructive.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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