FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted the short-term technicals around GBP/USD.



Key Quotes:



"GBP/USD short-term technicals: bearish—accelerating momentum indicators with RSI at 35 provides for ample downside. Looking to 1.6856 the 100 day MA as the next key downside level, last tested in February, before that in August 2013."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Equities Sink Closer to True Reversal, Pound Traders Read Election

  2. Forex News

    Sun/YouGov poll: Tories and Labour at 34%

  3. Forex News

    UK elections: The polls are a dead heat so far - TDS

  4. Forex News

    Dollar continues to suffer amid weak data

  5. Forex News

    GBP/USD outlook still bullish – Scotiabank

Trading Center