OctaFX | OctaFX Forex Broker
Open trading account
Back

GBP/USD fades in play at 1.32 area - Scotiabank

Analysts at Scotiabank explained that Sterling is struggling to improve against a generally softer USD. 

Key Quotes:

"Cable remains supported around 1.31 (weekly trend support – which has looked susceptible to a break) but the market continues to meet strong selling interest around 1.32. We see resistance between 1.3200/30, with 1.3230 equating to the 40-day MA. Look for range trading to extend between 1.30/1.32."

EUR/GBP: bears cap advance through the 0.90 handle, but still better bid?

EUR/GBP: Currently, EUR/GBP is trading at 0.8969, up 0.10% on the day, having posted a daily high at 0.9016 and low at 0.8954. EURUSD is firmer but ma
Read more Previous

Colombia Gross Domestic Product (YoY) below forecasts (2.2%) in 3Q: Actual (2%)

Colombia Gross Domestic Product (YoY) below forecasts (2.2%) in 3Q: Actual (2%)
Read more Next
Start livechat