GBP/USD: 1.3983 holding up, so far, headed to 1.3600? - Scotiabank

Analysts at Scotiabank noted the techncials around GBP/USD.

Key Quotes:

"GBP/USD has struggled to extend gains through the upper 1.42 area in the past two weeks and now looks prone to a test of key support (late Jan low) at 1.3983. Short-term price trends look negative and a push under support in the upper 1.39s suggests the risk of weakness extending towards 1.36/1.37."

Feb 5, 2018

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