According to FX Strategists at Scotiabank, Cable stays bearish and could slip back to the 1.2900 neighbourhood in the near term. Key Quotes “Sterling has traded sideways over the past 24 hours around the 1.3150/70 area but retains a weak technical undertone”. “Technical signals here are more evolved than other markets, with bear trend momentum well established on the short, medium and longer run studies and the pound soft, below longer run retracement support at 1.3184 (50% of the 2017/2018 rally and intraday resistance), which leaves the market exposed to a push down to 1.2903 (61.8% Fib)”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EIA: Commercial crude oil inventories decreased by 5.9 million barrels FX Street 3 years According to FX Strategists at Scotiabank, Cable stays bearish and could slip back to the 1.2900 neighbourhood in the near term. Key Quotes "Sterling has traded sideways over the past 24 hours around the 1.3150/70 area but retains a weak technical undertone". "Technical signals here are more evolved than other markets, with bear trend momentum well established on the short, medium and longer run studies and the pound soft, below longer run retracement support at 1.3184 (50% of the 2017/2018 rally and intraday resistance), which leaves the market exposed to a push down to 1.2903 (61.8% Fib)". Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
