fxs_header_sponsor_anchor

News

GBP/USD could slump to the 1.26 zone – Scotiabank

GBP soft in line with broader USD tone. Economists at Scotiabank analyze Cable’s outlook.

A minor double top around 1.2730 has been struck

Sterling’s losses on the session look a little more challenging from a short-term technical point of view.

A minor double top around 1.2730 has been struck, targeting a drop in the Pound to around 1.2600. A lower close on the day will form the third leg of a bearish ‘evening star’ pattern on the daily chart which could herald more corrective weakness. 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.