GBP/USD technically bearish - Scotiabank

By FXstreet.com | Updated August 08, 2014 AAA

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank gives us a technical analyses of GBP/USD.



Key Quotes:



"GBP/USD short‐term technicals: bearish—all signals point to downside risk and today’s ability of spot to fall to a fresh two‐month low warns of building downside momentum. Resistance lies at the 100‐day MA at 1.6875."



Related Forex Analysis
  1. GBP/USD bid within broader bearish trend
    Forex News

    GBP/USD bid within broader bearish trend

  2. US Dollar Faces Tough Test, Japanese Yen Remains Focus
    Forex News

    US Dollar Faces Tough Test, Japanese Yen Remains Focus

  3. The 1.5740 top to contain the upside today for GBP/USD – FXStreet
    Forex News

    The 1.5740 top to contain the upside today for GBP/USD – FXStreet

  4. GBP/USD bounces and hits fresh daily highs
    Forex News

    GBP/USD bounces and hits fresh daily highs

  5. AUD/USD Triangulates on H4; EUR/USD, GBP/USD Holding Range Lows
    Forex News

    AUD/USD Triangulates on H4; EUR/USD, GBP/USD Holding Range Lows

Trading Center