GBP/USD is a Fade Back to 1.4350 - Scotiabank
Analysts at Scotiabank explained the technical conditions surround GBP/USD.
Key Quotes:
"Cable’s rebound stalled in the low 1.45 area earlier, where the last two Cable rallies have failed."
"GBP gains still look to be a fade from our perspective, given the
negative daily and weekly price action registered on the charts
recently."
"We look for GBP/USD to ease back to the mid/upper 1.43 area (40-day MA at 1.4350) below there."
