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GBP/USD: now headed to 1.44 area? - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Shaun Osborne Chief FX Strategist at Scotiabank explained that cable finished yesterday’s session relatively firmly and has extended the run higher again.

    Key Quotes:

    "Cable has extended the run higher again to push more obviously through the 40-day MA (1.4198); gains may extend to 1.44+ near-term as intraday momentum looks encouraging and the pound appears to have some traction on the daily charts."

    "We expect GBP/USD gains may slow in the mid/upper 1.44 area, however."
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