GBP/USD: Downside potential extends to 1.18 on a break under the low 1.21 zone – Scotiabank GBPUSD Banks Technical Analysis
Cable prone to a bit more weakness in the short runprone to a bit more weakness in the short run at least.” “The GBP may be trying to set up a Head & Shoulders top/reversal, with the low 1.21 zone shaping up as key support if that is the case. Downside potential extends to the 1.18 zone if this pattern develops and breaks down.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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