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21 Aug 2017
GBP/USD: short-term technicals are bearish-neutral - Scotiabank
Analysts at Scotiabank explained that GBP/USD short-term technicals are bearish-neutral.
Key Quotes:
"Bearish momentum signals are softening back to neutral however DMI’s remain bearishly aligned along with the short-term MA’s.
Near-term support lies in the mid-lower 1.28s with resistance above 1.29.
We note the absence of major support ahead of 1.27.
Further resistance is expected around 1.2980."