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GBP/USD continues to hover in the lower 1.2700s range. Analysts at Scotiabank provide insights into the currency pair’s future trajectory.
Trend oscillators are mixed
Trend oscillators are displaying mixed signals while GBP/USD maintains a narrow trading range above the 1.2700 level. Despite a subdued performance last week, the currency pair is finding support in the low 1.2700 region, potentially stabilizing the short-term trend.
Resistance is noted around 1.2765/1.2770, whereas support is observed at 1.2700/1.2710.
