GBP/USD to retest key support at 1.2600 on a break below 1.2660/1.2665 – Scotiabank
Source Fxstreet
GBP/USD remains broadly rangebound. Economists at Scotiabank analyze Cable’s outlook.
The 1.2600/1.2825 range may endure for now
The GBP is trading with a softer undertone intraday after peaking around 1.2720 twice in the past 24 hours.
Short-term trend oscillators are bearish which may help drive spot to test support at 1.2660/1.2665. A break below here should see Cable retest the broader range low and key support at 1.2600.
Very weak longer run trend studies suggest the 1.2600/1.2825 range may endure for now, however.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The cryptocurrency market showed selective altcoin outperformance in 2025, with Bitcoin maintaining a high dominance, suggesting continued investor preference for BTC.
TradingKey 2025 Markets Recap & Outlook | Wall Street Bullish on 2026: S&P 500 Forecast at 8,000 with AI Gains and Cyclical Stocks SoaringAs 2025 draws to a close, the U.S. stock market has delivered a series of exciting and astonishing moments.In early April, following President Trump's sudden announcement of tariff polici
As 2025 draws to a close, the U.S. stock market has delivered a series of exciting and astonishing moments.In early April, following President Trump's sudden announcement of tariff polici
Silver price (XAG/USD) rallies further to near $72.70 during the early European trading session on Wednesday.
Gold (XAU/USD) rises and hits its record high around $4,505 during the Asian session on Wednesday. The precious metal gains momentum as the Israel-Iran conflict and the rising in US-Venezuela tensions boost the safe-haven demand.
Gold Prices Surge Over 70% in 2025, While Bitcoin Falls Over 5%. Is There Still a Chance for a Reversal?On Tuesday (December 23), gold prices surged again, breaking above the $4,400 mark,
