GBP/USD: price action looks constructive with support in 1.37's - Scotiabank

Ross J Burland FXStreet

Analysts at Scotiabank explained that the gains in GBPUSD have slowed and intraday price action does show prices running into better selling interest around 1.38.

Key Quotes:

"But there is little sign of real weakness in price action at the moment."

"Intraday moves look more consolidative and broader trend dynamics remain constructive."

"Look for GBP support on dips to the low 1.37 area. Major support remains 1.3615/30."

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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