Scotiabank: pound / dollar does not look good

The short-term technical picture for the pound / dollar is neutral-bearish. Momentum signals change from bearish to neutral, while indicators DMI and short-term AI are in a bearish position. We do not see any serious support up to $ 1.27 (intermediate – $ 1.2825- $ 1.2850). The nearest resistance is $ 1.2900, then $ 1.2980.

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