5 Jan 2016
GBP/USD poised to extend downside - Scotiabank
FXStreet (Guatemala) - Analysts at Scotiabank explained that even with the GBP picking up a little more support on the crosses, the weaker trend in GBP/USD will be hard to ignore.
Key Quotes:
"Cable looks poised to extend lower on the longer-term charts, with the gently declining trend in place since mid-2015 intact on the daily chart and trend momentum signals aligned bearishly across a range of time frames. Minor gains to the 1.47 area look a sell."
Key Quotes:
"Cable looks poised to extend lower on the longer-term charts, with the gently declining trend in place since mid-2015 intact on the daily chart and trend momentum signals aligned bearishly across a range of time frames. Minor gains to the 1.47 area look a sell."