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GBP/USD is struggling a little after another failure at 1.2850 late last week. Economists at Scotiabank analyze the pair’s technical outlook.
A handful of tests of the 1.2850 area have been easily rejected and intraday losses suggest another is developing today on the chart.
A major top might be developing but will only come in to play if the Pound eases below key support at 1.2590 at this point.
Given still strong trend dynamics, an alternative scenario is that losses are limited (to the mid/upper 1.27s) and the Pound’s rally pushes on to new cycle highs shortly.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
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