GBP/USD technically range bound - Scotiabank

FXStreet (Barcelona) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explains the technical conditions surrounding GBP/USD.

Key Quotes:

"GBP/USD short‐term technicals: mixed—like most currencies near‐term technical studies are lacking conviction and pointing in different directions; suggesting the outlook is likely somewhat range bound in the near‐term. Support lies at 1.6080 and resistance lies at 1.6180”.