GBP/USD: Broadly bullish technical set up suggests gains may extend towards the 1.33 area – Scotiabank GBPUSD Technical Analysis Banks
Price action suggests some caution is warranted but solidly bullish underlying trends should mean that scope for GBP losses is limited. Support should emerge around the figure, or through the mid/upper 1.28s at worst at this point.
There is some resistance at 1.30 but the broadly bullish technical set up suggests gains may extend towards the 1.33 area.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.
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