GBP/USD: short-term technicals are bearish-neutral - Scotiabank

Analysts at Scotiabank explained that GBP/USD short-term technicals are bearish-neutral.

Key Quotes:

"Bearish momentum signals are softening back to neutral however DMI’s remain bearishly aligned along with the short-term MA’s. 

Near-term support lies in the mid-lower 1.28s with resistance above 1.29. 

We note the absence of major support ahead of 1.27. 

Further resistance is expected around 1.2980."