GBP/US: Key support at 1.2590 needs to hold to avoid a major top – Scotiabank

A handful of tests of the 1.2850 area have been easily rejected and intraday losses suggest another is developing today on the chart.

Given still strong trend dynamics, an alternative scenario is that losses are limited and the Pound’s rally pushes on to new cycle highs shortly.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.

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