6 Mar 2015
GBP/USD expected to test 1.5040 – Scotiabank
FXStreet (Barcelona) - Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, maintains a bearish outlook on GBP/USD, anticipating the pair to test 1.5040 levels.
Key Quotes
“GBP is weak, having lost 2.6% since failing to break above the 100‐day MA on February 26th.”
“GBPUSD short‐term technicals: bearish—most studies warn of downside risk and have shifted from neutral to bearish.”
“We are bearish to be short GBP at current levels, looking for a test down to 1.5040.”
“Support lies at 1.5139 followed by 1.5100; while resistance comes in at the 21‐day MA at 1.5352.”
Key Quotes
“GBP is weak, having lost 2.6% since failing to break above the 100‐day MA on February 26th.”
“GBPUSD short‐term technicals: bearish—most studies warn of downside risk and have shifted from neutral to bearish.”
“We are bearish to be short GBP at current levels, looking for a test down to 1.5040.”
“Support lies at 1.5139 followed by 1.5100; while resistance comes in at the 21‐day MA at 1.5352.”