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
Prioritize filling the $27,000 gap and even try higher.
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave the key interest rates unchanged in April and responds to questions from the press.
Billionaire Elon Musk recently raised funds for his two high-profile tech companies, xAI and Neuralink.
The Gold price (XAU/USD) attracts some sellers to near $3,390 during the early Asian session on Monday.
Token Terminal data revealed that smart contracts deployed on the Ethereum network hit an all-time high of 8.7 million in the fourth quarter of 2025.
Related Instrument
