The economists of Scotiabank They analyze the prospects of the Pound.
EUR/GBP may see a further decline towards the 0.8450 support
Pound gains have stabilized against the Dollar, with oscillator signals turning overbought in intraday and daily studies.
However, price action is neutral, rather than outright bearish at the moment, and the broader uptrend in the Pound remains well entrenched on the charts after breaking above main trend resistance last week. .
Short of stronger reversal signals, minor dips in the Pound should continue to be well supported.
He EUR/GBP it is pressing the low zone of 0.85; trends here point to a further drop towards support around 0.8450.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
