GBP/USD: short-term technicals are bearish-neutral - Scotiabank

Ross J Burland FXStreet

Analysts at Scotiabank explained that GBP/USD short-term technicals are bearish-neutral.

Key Quotes:

"Bearish momentum signals are softening back to neutral however DMI’s remain bearishly aligned along with the short-term MA’s.

Near-term support lies in the mid-lower 1.28s with resistance above 1.29.

We note the absence of major support ahead of 1.27.

Further resistance is expected around 1.2980."

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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