GBP/USD to tick down towards the 1.30 level – SocGen
|Cable is battling to defend 1.31. Economists at Société Générale expect the GBP/USD pair to tackle the 1.30 level.
1.3460 caps upside
“GBP/USD has violated December low around 1.3160 and could drift towards the lower limit of a multi month channel at 1.30.”
“Daily Ichimoku cloud at 1.3460 caps upside.”
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