TenkoFX - Analytics

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    GBP/USD: strong top forming - Scotiabank Ross J Burland

    Analysts at Scotiabank explained that intraday patterns are, in fact showing some modestly positive signals for Cable as the pound recovers from the low 1.41 area.Key Quotes:"Safe ground is distant) and the GBP’s recent weakness is likely to extend on the basis of longer-term price signals which suggest a strong top forming in the past few weeks above 1.44/1.45. Risk remains towards a retest (at least) of the early 2016 low at 1.3840."


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