Analysts at Scotiabank argued that GBP/USD’s short-term technicals are bearish. Key Quotes: “Sterling traded bullishly last Thursday (key reversal session) but losses today leave the pound looking vulnerable again, with Cable gains stalling around the 1.33 area yesterday and the market trading decisively lower on the day so far (potential outside range).” “Intraday resistance stands at 1.3290 and the pound really needs to make to back above 1.3315 to stabilize. That looks a tall order at this point and a push under 1.32 seems the larger risk at this point.” 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 USD/CAD drops below 1.33 as WTI breaks above $70 FX Street 3 years Analysts at Scotiabank argued that GBP/USD's short-term technicals are bearish. Key Quotes: "Sterling traded bullishly last Thursday (key reversal session) but losses today leave the pound looking vulnerable again, with Cable gains stalling around the 1.33 area yesterday and the market trading decisively lower on the day so far (potential outside range)." "Intraday resistance stands at 1.3290 and the pound really needs to make to back above 1.3315 to stabilize. That looks a tall order at this point and a push under 1.32 seems the larger risk at this point." 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.
