GBP/USD needs to regain and hold 1.2290/00 to ignite more buying interest – Scotiabank

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GBP/USD needs to regain and hold 1.2290/00 to ignite more buying interest – Scotiabank GBPUSD Banks

Short-term momentum signals are bullishfrom sub-1.19 levels last week cast a positive look to the charts and suggests that the corrective losses from the mid-1.24 zone is complete. Spot needs to regain and hold 1.2290/00 in order to ignite more buying interest, however.”for the Pound and should help limit losses.”Information on these pages contains forward-looking statements that involve risks and uncertainties.

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