GBP/USD to take out 1.4375? – Scotiabank

FXStreet (Guatemala) – Shaun Osborne, Chief FX Strategist at Scotiabank explained that Cable has recovered from early weakness.

Key Quotes:

“The bid for the pound has taken GBP/USD through short-term trend channel resistance at 1.4220 (now support) and puts a positive spin on the daily chart potentially.

We continue to spot key, short-term resistance at 1.4365/75. A push through this level may see GBP/USD retest 1.4675.”

Shaun Osborne, Chief FX Strategist at Scotiabank explained that Cable has recovered from early weakness.

(Market News Provided by FXstreet)