GBP/USD: Bulls are testing the area around 1.2860 – Scotiabank
Source Fxstreet
The Pound Sterling (GBP) is unchanged on the session, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
GBP needs to extend above 1.2890 to gain momentum
“There were no UK data reports today and the pound has been left idling in a range in the mid-1.28s against the USD in very quiet trade.”
“Cable’s steady drift from the July 17th peak at 1.3044 is showing signs of reversing. A bullish daily close for the GBP yesterday supports the idea that the GBP has run its course for now.”
“Spot is testing trend resistance off the mid-July high at 1.2860 this morning but the GBP may need to extend above 1.2890 to really gain momentum intraday. Support should be firm now on dips to the low 1.28s.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Financial Markets 2026: Volatility Catalysts in Gold, Silver, Oil, and Blue-Chip Stocks—A CFD Trader's OutlookGet a comprehensive financial market 2026 outlook exploring key economic drivers, volatility catalysts in gold, oil and stocks, and what the evolving economic outlook means for cfd trading strategies and risk management on global markets.
Get a comprehensive financial market 2026 outlook exploring key economic drivers, volatility catalysts in gold, oil and stocks, and what the evolving economic outlook means for cfd trading strategies and risk management on global markets.
As of the Asian session on August 20, gold prices (XAUUSD) surged again today after breaking above $4,500 on Wednesday, reaching a nearly two-month high of $4,527.12 before pulling back i
Crypto Today: Bitcoin, Ethereum, XRP bulls accelerate rally amid rising ETF inflowsThe cryptocurrency market remains bullish on Friday, led by Bitcoin’s (BTC) surge above $77,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), mirror BTC’s positive outlook, trading near $2,400 and $1.35, respectively.
The cryptocurrency market remains bullish on Friday, led by Bitcoin’s (BTC) surge above $77,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), mirror BTC’s positive outlook, trading near $2,400 and $1.35, respectively.
Related Instrument
