GBP/USD: headed to 1.3990/00? - Scotiabank

Ross J Burland FXStreet

Analysts at Scotiabank noted that sterling gains struggled to really extend through short term resistance in the mid 1.38s yesterday but the early move against the USD today has supported a firmer undertone in GBPUSD.

Key Quotes:

"We see intraday resistance at 1.3940 (40-day MA) and 1.3980 (short-term trend). We still rather think short-term GBP gains are to be faded while the pound remains below 1.3990/00."

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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