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GBP/USD to take out 1.4375? - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    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."
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