FXStreet — The Outlook for the Cable remain short-term neutral to bearish, said Eric Sum, FX strategist at Scotiabank.
The indicators, which indicate the Momentum of the currency pair, changed the direction, so that the RSI and the 50-point mark. The negative chart picture by the negative orientation of the fast-running sliding means in the Form of the 9 — and 21-days-line confirmed. We look back this week in a trading range between 1,2750 on the bottom and 1.29 at the top. In this context, we would like to on a possible weak phase in the direction of the 50-day line (act. in 1,2766).
** FXStreet News Editorial, FXStreet**