GBP/USD: Minor dips should remain well-supported – Scotiabank GBPUSD EURGBP Technical Analysis Banks
Sterling gains have steadied versus the USD, with oscillator signals veering towards overbought on the intraday and daily studies.
Price action is neutral, rather than outright bearish at this point, however, and the broader uptrend in Cable remains well-entrenched on the charts after the pound’s break above major trend resistance last week. EUR/GBP is pressuring the low 0.85 area; trends here point to a further fall towards support around 0.8450.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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