GBP/USD: potential to 1,2766 — Scotiabank

FXStreet — The Outlook for the Cable remain short-term neutral to bearish, said Eric Sum, FX strategist at Scotiabank.

Important Quotes:

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**

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