GBP/USD: 1.37's to be tested? - Scotiabank

Ross J Burland FXStreet

Analysts at Scotiabank noted that cable is steadier and intraday patterns do suggest a minor low developing around 1.3920 overnight.

Key Quotes:

"The GBP sell-off is perhaps due a modest recovery possibly towards the 1.4010/20 area."

"However, the broader technical picture suggests the GBP is liable to remain soft and may still head for a test of the mid/upper 1.37s after last week’s tumble from the upper 1.43s."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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