Analysts at Scotiabank argue that te GBP/USD short-term technicals are bearish. Key Quotes: “Sterling’s slide below 1.30 maintains focus on broader retracement risks and the potential to test retracement support at 1.2810 (61.8% Fibonacci support of the 2016/2018 rally from 1.18/1.44) in the next few weeks.” “We spot resistance at 1.3078 (100-week MA) but feel that the pound may well struggle to regain the low/mid 1.3000s now.” 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 Breaking News: US Pres. Trump: Not thrilled about rate hikes FX Street 5 years Analysts at Scotiabank argue that te GBP/USD short-term technicals are bearish. Key Quotes: "Sterling's slide below 1.30 maintains focus on broader retracement risks and the potential to test retracement support at 1.2810 (61.8% Fibonacci support of the 2016/2018 rally from 1.18/1.44) in the next few weeks." "We spot resistance at 1.3078 (100-week MA) but feel that the pound may well struggle to regain the low/mid 1.3000s now." Regulated 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.
