GBP/USD: More consolidation in the short run looks likely – Scotiabank GBPUSD Technical Analysis Banks
The Pound’s powerful rally has stalled against resistance at 1.3145 . This does not appear to be a major technical point for Cable, according to my read of the charts, however. In fact, there is little – obvious – resistance to GBP gains extending until the 1.33 area at this point. Pullbacks to the 1.29/1.30 range are likely to be well-supported.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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