GBP/USD short-term looks for 1.6856/100DMA - Scotiabank

By FXstreet.com | Updated July 30, 2014 AAA

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."



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