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GBP/USD's technical outlook is Neutral/bearish - Scotiabank

Analysts at Scotiabank explained that GBP/USD's technical outlook is Neutral/bearish.

Key Quotes:

"The GBP traded sharply lower yesterday and closed net lower on the day having failed to secure a break above the 40-day MA (1.3304) - a barrier that we expected to provide firm resistance to the GBP’s recent advance."

"The GBP’s tumble was significant and technically bearish as price formed a negative outside range session. Weakness under 1.3200/10 should see spot drop back to the 1.3125/00."

Gold steadies near $1255 as US Dollar goes into consolidation below 94

The tory ounce of the precious metal dropped to a fresh weekly low at $1247 earlier today but retraced the majority of its daily losses in the NA sess
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USD/MXN tumbles below 19.00 to lowest in 2 months

The USD/MXN pair approached the 19.30 area earlier today but then reverses sharply. It eared daily gains and broke below 19.00, reaching...
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