Analysts at Scotiabank explained that GBP/USD’s technical outlook is Neutral/bearish. Key Quotes: “The GBP traded sharply lower yesterday and closed net lower on the day having failed to secure a break above the 40-day MA (1.3304) – a barrier that we expected to provide firm resistance to the GBP’s recent advance.” “The GBP’s tumble was significant and technically bearish as price formed a negative outside range session. Weakness under 1.3200/10 should see spot drop back to the 1.3125/00.” 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/MXN tumbles below 19.00 to lowest in 2 months FX Street 4 years Analysts at Scotiabank explained that GBP/USD's technical outlook is Neutral/bearish. Key Quotes: "The GBP traded sharply lower yesterday and closed net lower on the day having failed to secure a break above the 40-day MA (1.3304) - a barrier that we expected to provide firm resistance to the GBP's recent advance." "The GBP's tumble was significant and technically bearish as price formed a negative outside range session. Weakness under 1.3200/10 should see spot drop back to the 1.3125/00." 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.
